Examlex
Which of the following is not a vendor in the ERP market?
Geographic Concentration
The phenomenon of economic activity or specific industries clustering in specific regions or areas.
X-Inefficiency
Occurs when a firm fails to utilize its resources efficiently, due to factors like lack of competitive pressure or managerial inefficiencies.
Homogeneous Product
A product that is considered identical or nearly identical to another product from a different producer.
Pure Competition
A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit.
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