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How do ERP systems build upon and/or improve TPSs and FAISs? How have ERP evolved over the years? Why do businesses want to implement ERP? Why is it so difficult to implement ERP successfully?
Economic Value
The value of an asset derived from its ability to generate income, benefits, or utility for its owner.
Reference Value
A baseline number or set of numbers used for comparison purposes in analysis.
Differentiation Value
The unique attributes or benefits that make a product or service stand out from competitors in the eyes of consumers.
Unit Product Cost
The total cost (variable and fixed) incurred to produce, store, and sell one unit of a product.
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