Which of the Following Is Not a Reason for the Rapid

question 60

Multiple Choice

Which of the following is not a reason for the rapid increase in ERP systems?

• A) Globalization
• B) Market maturity in developed countries
• C) Advances in information and communication technology
• D) Increase investments in data warehousing and mining

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Definitions:

Product Innovation

The process of developing new products or significantly improving existing ones to meet consumer needs or open new markets.

Total Utility

The complete fulfillment attained through the consumption of a specific amount of a product or service.

Concentration In Industry

Industry concentration describes the extent to which a small number of firms occupy a large proportion of the market.

Scientific Research

Systematic investigation and study conducted to increase knowledge and understanding of the natural world, often leading to new inventions or discoveries.