Examlex
____ applications frequently draw on the data captured and stored in an ERP system-data such as orders,shipments,inventory,customers,suppliers,etc.
Price and Quantity
The relationship between the price of an item and how much of that item is available or demanded at that price point.
Government Licensing
The requirement of official permission or a permit from a government authority to legally perform certain activities, operate a business, or practice a profession.
Competitive Market
A market structure characterized by a large number of sellers and buyers, where no single entity has the power to influence prices significantly.
Market Failure
Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
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