______ Will Help Avoid a Common Cause of Failed ERP

question 82

Multiple Choice

______ will help avoid a common cause of failed ERP implementation.

• A) Keeping the scope of the implementation fluid so changes can be easily incorporated
• B) Minimizing the time and dollars spent on training end users
• C) Defining metrics to assess the progress of the project
• D) Not requiring the full-time involvement of a business executive

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Definitions:

Inferior Good

Items for which demand falls when the income levels of buyers go up, unlike standard goods that see an increase in demand with rising incomes.

Income Effect

How shifts in the financial status of individuals or whole economies affect their purchasing desires for specific goods or services.

Price Increase

An increase in the price of products or services.

Income Effect

Variations in income for persons or within economies and how these variations modify the demand for goods or services.