Which of the Following Statements Is True About an Inter-Enterprise

question 31

Multiple Choice

Which of the following statements is true about an inter-enterprise system?

• A)It is constant in scope and complexity.
• B)It is shared by two or more independent organisations.
• C)It is easier to manage than other types of systems.
• D)It cannot be customised to the needs of organisations.

---

Definitions:

Fine

Fine refers to a monetary penalty imposed as punishment for an offense or violation, often used by governments or regulatory bodies to enforce laws and regulations.

Industry Demand

The total demand for products or services within a particular industry or sector.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a state of market balance.

Number of Firms

It refers to the total count of enterprises operating within a certain market or industry.