Answer:
<h3>
Implementing ERP system:
</h3>
- Choose the number of Employees who helps you.
- Enumerate your Goals, Objectives, and Problems.
- Select your ERP System.
- Maintain your data.
- Set enough hands-on training on the spick-and-span ERP System.
- Confirm and go live
<h3>
Supply chain systems
:</h3>
It is a system in which the people, information, activities, resources, and organization are included in ongoing services or a product from a supplier who supplies the product or services to their customers.
Its activities hold the transformation of components, raw material, and natural resources into the finished or the complete product to their end-user.
After testing the right data movement, it is necessary to go for the testing of ERP system to correct any issue before going live. This also involves confirming functionality and confirming the transactions, specific interfaces, reports and business processes are working in the right way.
Explanation:
In the above answer, we have discussed the implementing of an ERP system and supply system chain and identifying and minimizing the risk and after all, we discuss go-live planning and issue resolution.
Answer:
All of the above except option e.
Explanation:
To gain success and growth is the motto of every business, for this it is very important for a company to analyse the market properly, this shall include:
i) Knowing your customers properly, knowing the targeted audience of the product or service provided by the company.
ii) The company shall accurately analyse the environment in which it runs, this includes all the factors, physical, economical, or technological or political etc:
iii) The company shall analyse its own capabilities properly and evaluate the areas where it needs to work even more.
iv) Knowing your competitors is very important as it provides for the ongoing and upcoming challenges, a business shall face.
Answer:
E. Industry
Explanation:
Industry or an industry is a group of firms/businesses/manufacturers a particular kind of goods and services. In this case, the firms that makes up the industry all manufactures writing implements (such as pen, pencils and markers). Simply put, an Industry is a sector that produces good or related services within an economy.
When classifying a firm into an industry, the major source of revenue is the necessary indicator used in doing so.
This is called s<span>ubstitution in production</span>