SCM, CRM, and ERP Are All Extended ERP Components

question 40

True/False

SCM, CRM, and ERP are all extended ERP components.

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Definitions:

Merchant

An individual or company involved in the wholesale purchase and retail sale of goods for profit.

Purchaser

An entity or person who buys goods or services for consideration.

Transferor

The party in a transaction who transfers or conveys assets, rights, or interests to another, known as the transferee.

Title

Legal right to ownership of property or assets, often evidenced by a document.