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When an ERP System Is Implemented Properly,it Connects All Areas

question 25

True/False

When an ERP system is implemented properly,it connects all areas of a business and can be used to connect the business directly with its suppliers and customers.


Definitions:

Market Penetration

The action or strategy of increasing the market share of an existing product, or promoting a new product, through aggressive marketing tactics.

Market Development

A growth strategy where a company aims to increase sales by promoting its existing products in new markets.

Strategic Marketing Planning

Development and execution of marketing strategies to reach business objectives, including market analysis and strategy formulation.

Discontinued

Products or services that have been ceased by their providers, and are no longer available to consumers.

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