The Benefits of Open-Source CRM Include All of the Following

question 20

Multiple Choice

The benefits of open-source CRM include all of the following except:

• A) It is easy to customize.
• B) It is favorably priced.
• C) It has more functionality than in-house CRM systems.
• D) Updates and error fixes occur rapidly.
• E) Extensive support information is available.

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Definitions:

Short-Run Supply

The supply of goods that occurs when the sellers are only able to change some, but not all, conditions of production.

Diminishing Marginal Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Perfectly Competitive

A perfectly competitive market is one where many buyers and sellers trade identical products so that each has no influence on the market price.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand or supply.