Why Do Vendors' ERP Systems Often Require Customization

question 48

Multiple Choice

Why do vendors' ERP systems often require customization?

• A)in order to use the full potential of the ERP package
• B)in order to enable the systems to work with the ERP package
• C)in order to meet specific regulatory requirements for a business
• D)in order to ensure the business gets unique features to remain competitive

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Definitions:

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the firm's profit beyond its opportunity cost.

Equilibrium Level

A state in which economic forces such as supply and demand are balanced, often resulting in stable prices or market conditions.

Output

The sum of all products or services generated by a company, sector, or economic system in a specified timeframe.

Zero Revenues

A situation where a business or organization does not generate any income from its activities or operations.