The Business Definition Has Three Elements: ________

question 25

Multiple Choice

The business definition has three elements: ________.

• A) Offer, target market, and production/delivery capability
• B) Offer, acceptance, and consideration
• C) Business definition, target market, and market analysis
• D) Target market, potential customers, and production capability
• E) None of the above

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Definitions:

Calorie Counts

A measure of the energy contained in food, typically used for dietary planning and food labeling.

ERP

Enterprise Resource Planning, or ERP software, is used by organizations to efficiently manage various day-to-day business activities, ranging from accounting and procurement to project management and manufacturing.

Information Silos

Refers to a situation in which information is isolated within a department or unit within an organization, leading to inefficiencies and lack of synergy between different parts of the organization.

FAIS

Functional Area Information System, systems designed to manage data and information specific to the operations of a particular department or function within an organization.