A Good ERP System Is Likely to Be Highly Reflective

question 18

Multiple Choice

A good ERP system is likely to be highly reflective of what in a company?

• A)Strategic vision
• B)Customer relationships
• C)Supplier relationships
• D)Business processes

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Definitions:

Willing and Able

Refers to a consumer's readiness and capacity to purchase goods or services at a given price level.

Market System

An economic system in which economic decisions and the pricing of goods and services are guided by the interactions of citizens and businesses.

Goods and Services

The output produced by an economy, including tangible products (goods) and intangible activities (services) that fulfill the needs or wants of consumers.

Profitable

A financial status where the income earned is greater than the expenses incurred, leading to a positive net income.