Define Enterprise Resource Planning (ERP)systems and State One Advantage and One

question 33

Essay

Define enterprise resource planning (ERP)systems and state one advantage and one disadvantage of ERP systems.

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Definitions:

Pre-Merger Value

The market value of a company before it enters into a merger agreement with another company.

Commercial Failure

Commercial failure refers to a product or business venture that does not achieve its financial objectives, often resulting in significant losses or bankruptcy.

Economic Failure

The inability of a market or economy to allocate resources efficiently, often leading to wastefulness or loss.

Creditors

Individuals or institutions that extend credit by lending money or providing goods or services that will be paid for later.