Which of the Following Is NOT True About Enterprise Systems

question 19

Multiple Choice

Which of the following is NOT true about enterprise systems?

• A)Enterprise systems help firms respond rapidly to customer requests for information or products.
• B)Enterprise system data have standardized definitions and formats that are accepted by the entire organization.
• C)Enterprise software is expressly built to allow companies to mimic their unique business practices.
• D)Enterprise software includes analytical tools to evaluate overall organizational performance.

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Definitions:

Strategic Marketing Planning Process

A methodical approach focused on developing marketing strategies through analyzing competitive environments, market trends, and organizational objectives.

Planning Phase

The part of the strategic marketing planning process when marketing executives, in conjunction with other top managers define the mission or vision of the business and evaluate the situation by assessing how various players, both in and outside the organization, affect the firm’s potential for success.

Licensing Requirements

Regulations and criteria set by authorities that individuals or businesses must meet to legally operate in certain professions or activities.

Market Development

A growth strategy in which a company aims to increase market share by promoting existing products, or introducing new products, into new markets or segments.