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The product life-cycle concept from microeconomics and marketing provides useful insights into the relations between cash flows from operating, investing, and financing activities.At the beginning of the decline phase,
Cost
An amount that must be paid or spent to buy or obtain something, including the effort or loss necessary to achieve a goal.
Legacy Silos
Outdated, isolated systems or organizational structures within a company that hinder integration and efficient workflow.
SAP Hana
An in-memory database and application development platform used for processing high volumes of data in real-time.
Cloud-Based ERP
An Enterprise Resource Planning system hosted on a cloud platform, allowing businesses to manage and integrate their core processes in a single, accessible, and scalable environment.
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