Examlex
A successful implementation of an ERP system is:
Close Substitutes
Goods or services that can easily replace one another in consumption due to their similar characteristics.
Horizontal Demand
Refers to a demand curve that is completely elastic, indicating that consumers are willing to purchase any quantity of the product at a specific price.
Product Differentiation
A marketing strategy that businesses use to distinguish their product from similar offerings in the market.
Suburban Community
A residential area located on the outskirts of a city, typically characterized by lower population density than the urban core but more densely populated than rural areas.
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