after a consumer recognizes a need, the second step is to search for information about the various options that exist to satisfy that need.
If the marginal physical product (MPP) of the variable input is constant over a range of output, then it follow that cost will be constant over the same range of output.a. Marginal b. average fixed c. average total d. a and b e. a, b, and c.
If the marginal physical product (MPP) of the variable input is constant across that range of output, then the cost will also be constant over that same range of output.
What exactly is a marginal physical product?The change in the total product (TPP) for each unit change in the quantity of a variable input is known as the marginal physical product (MPP). It is the shift in the level of the output brought on by a change in the level of the variable input.
How is the marginal physical product, or MPP, calculated?Marginal physical product, or MPP, is calculated by dividing the change in the total physical product by the change in the variable input.
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the risk of loss remains with the buyer until the buyer: O returns the goods to the seller. O destroys the goods. O sells the goods to a third party. O all of the above.
The risk of loss remains with the buyer until the buyer sells the goods to a third party
What is the passing of risk?In the event that the property contained in the goods is damaged or destroyed, it is crucial to know who is responsible for paying the loss when goods are bought and sold. If a piece of property is passed on, does it also transfer. The various circumstances under which risk is passed are outlined in Section 26 of the Sale of Goods Act of 1930. We can argue that, in most cases, up until the property is transferred to the buyer, who then assumes the risk, the seller carries the risk. However, the parties have the option of transferring the risk to the buyer either before or after transferring ownership of the goods to the buyer.
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FILL IN THE BLANK everything, an online cosmetics portal, does not allow its customers to reach the final billing section unless they share its offer links with at least two friends. in this scenario, everything uses ________to communicate its message.
everything, an online cosmetics portal, does not allow its customers to reach the final billing section unless they share its offer links with at least two friends. in this scenario, everything uses viral marketing to communicate its message
What is viral marketing?Viral marketing is a business tactic that primarily leverages social media platforms to advertise a product on already-existing social networks. Its name alludes to the manner in which customers share information about a product with others, much as how a virus spreads from one person to another. It can spread through word of mouth or be boosted by the Internet and mobile networks' network effects.People frequently misuse or misinterpret the idea by applying it to any sufficiently successful narrative without taking into mind the term "viral."While coming from a clearly named sponsor, viral advertising is personal and does not imply that companies are paying for its propagation.To learn more about viral marketing refer to:
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FILL IN THE BLANK. The manager of a chain of dry cleaning stores gathers the competitions' advertisements for analysis and review. She needs these data to help the chain devise its own advertising strategy. The manager is acting in the _____ role.
The manager of a chain of dry cleaners collects ads from rival businesses for evaluation and research. She wants this information to assist the chain in creating its own marketing plan. The manager is serving in an advisory capacity.
Experts in information technology include information managers (IT). They assist firms in coordinating and managing the flow of data by utilizing a special combination of project management, IT knowledge, and interpersonal communication abilities.
There are three roles for information. These include serving as a spokesman, a disseminator, and a monitor. There are four decision-making positions in all. These include being a businessperson, a problem solver, a resource manager, and a negotiator.
The three informational responsibilities that managers must perform are monitor, disseminator, and spokesperson are information collection, dissemination, and transmission.
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Initiation phase begins with the determination that a gap exists between organization performance and expected outcomes the leadership. The leadership then identifies an opportunity for improvement and assesses the feasibility of the project.
1. Identify PI opportunity
2. Determine the feasibility of the project
3. Define project objectives and scope
4. Select team members
5. Create vision and mission statement
Initiation phase begins with the determination that a gap exists between organization performance and expected outcomes the leadership. The leadership then Identify PI opportunity.
A group of people who cooperate, such as in a union, corporation, charity, or neighbourhood association, constitutes an organisation. The word "organisation" can apply to a person, a group, a company, or the process of creating something. An organisation is a formal gathering of people, such as a corporation, a nonprofit, a club, or a political party. Most of these specialised institutions are run by nonprofit groups. a study from the International Labour Organization. Functional, departmental, and matrix are three types of organisations that characterise the organisational structures utilised by the majority of businesses today. Before selecting one of them to use for their firm, owners must weigh the benefits and drawbacks of each of these forms.
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You were considering buying a camera 1 month ago from Japan which was priced at 150,000 yen If the exchange rate has changed from 1 usd A 135 yen one month ago to 1 usd = 141 yen today, hiow much in dollars will you 5 ave if you buy the camera foday?
An exchange rate is the relative price of one currency in terms of another (or group of currencies). The exchange rate is an important economic variable for economies that engage in international trade, such as Australia.
In comparison to other countries, higher interest rates provide lenders in an economic with a higher return.. As a result, rising interest rates attract foreign capital, causing the exchange rate to rise. Currency exchange rates can be either fixed or floating. The fixed exchange rate is determined by the country's central bank, whereas the floating rate is determined by market demand and supply dynamics.
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kingcade corporation keeps careful track of the time required to fill orders. data concerning a particular order appear below: hours wait time 19.1 process time 1.9 inspection time 0.9 move time 2.8 queue time 9.9 the throughput time was: multiple choice 34.6 hours 5.6 hours 29.0 hours 15.5 hours
The throughput time of kingcade corporation equals to 15.5 hours. The Option D is correct.
What is throughput time?In manufacturing, throughput time means the total amount of time that it takes to run a process in its entirety from start to finish.
The computation of the throughput time goes as thus:
Particulars Time
Inspection time 0.9
Add: Process time 1.9
Add: Move time 2.8
Add: Queue time 9.9
Throughput time 15.5
Therefore, the throughput time of the corporation is 15.5 hours.
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What is the reason that a real-world bank would not deposit all of its cash in the Federal Reserve Bank? Banks require excess reserves to enable lending and earn income interest.
In order to facilitate lending and generate interest income, banks need extra reserves and so a real-world bank would not deposit all of its cash in the Federal Reserve Bank
What is the Federal Reserve Bank?
The country's safe, adaptable, and stable monetary and financial system is provided by the Federal Reserve, the country's central bank. The Federal Reserve Banks offer crucial financial services to the country's payment system, such as delivering currency to banks and clearing checks. In reaction to changes in the public's demand for currency, money and coins are either added to or removed from circulation. Federal Reserve Banks are frequently referred to as "bankers' banks" since they offer commercial banks services that are comparable to those that commercial banks offer to their clients. Federal Reserve Banks provide banks with cash and coins, lend to banks, and handle electronic payments.
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the application of analytical tools to general-purpose financial statements. the communication of financial information useful for making investment, credit, and other business decisions. general-purpose financial statements only. ratio analysis only. profitability.
True.
How do financial statements work?An organization's financial results, financial condition, and cash flows are all summarized in its financial statements. The balance sheet, cash flow statement, and income statement are a few of them.
What Drawbacks Are There to Financial Statements?
Issuing financial statements has a few drawbacks. They may be fraudulently manipulated, giving investors to assume that the issuing firm has achieved better performance than was actually the case. This is a potential worry. A lender may offer debt to a company that cannot reasonably repay it as a result of such manipulation. Financial statements are totally historical in nature, which makes them potentially misleading when used to forecast future corporate performance.
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True. The application of analytical tools to general-purpose financial statements.
How do financial statements work?An organization's financial results, financial condition, and cash flows are all summarized in its financial statements. The balance sheet, cash flow statement, and income statement are a few of them.
What Drawbacks Are There to Financial Statements?Issuing financial statements has a few drawbacks. They may be fraudulently manipulated, giving investors to assume that the issuing firm has achieved better performance than was actually the case. This is a potential worry. A lender may offer debt to a company that cannot reasonably repay it as a result of such manipulation. Financial statements are totally historical in nature, which makes them potentially misleading when used to forecast future corporate performance.
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1. Which is an economic condition that consumer spending usually
measures?
Consumer spending is mostly influenced by disposable income. People cannot spend money if they do not have enough of it.
How is consumer expenditure measured?The Consumer Price Index (CPI) tracks changes in prices for significant categories of goods and services. The CPI report shows price changes for a variety of goods, including food, energy, housing, clothing, transportation, health care, leisure, and education. The most popular items' average prices are available.
What effects do consumer purchases have on the economy?Future economic growth could be threatened if consumers spend too much of their income today due to insufficient savings and investment. Naturally, consumer spending is crucial to businesses. A given company often performs better the more money customers spend there.
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the first task in search engine optimization is to format a website so the search engine can accurately assess the topics a website addresses readily calculate when a website was last updated quickly determine user activity on a website successfully identify a website's most popular content
The first step in search engine optimization is to format our website such that search engine can correctly judge the themes to which our website is relevant.
How would you describe optimization?Maximizing or minimizing a function in relation to a set, which frequently represents the range of options that are accessible in a given scenario, is an optimization problem. The function enables comparison of the available options in order to identify the potential "best" option.
Which two optimization methods are there?There are two sorts of optimization techniques that can be distinguished: heuristic optimization techniques and exact techniques, the latter of which does not provide any assurance how an optimal solution will be found.
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match the type of expense to the appropriate tier for the purpose of the home office deduction. tier 1 tier 1 drop zone empty. tier 2 tier 2 drop zone empty. tier 3 tier 3 drop zone empty. generally, expenses allocated to the business use of the home except for interest, taxes, and depreciation generally, mortgage interest and real property tax allocated to the
The following instances of needs must be matched to each level of Maslow's Hierarchy:
What can we learn from Maslow's hierarchy?Our knowledge of motivation, achieving goals, and finding personal fulfilment is strengthened as a result. Additionally, it gives human psychology a structure and clarity that previously appeared elusive. The hierarchy's simplicity has contributed to Maslow's theory's continued popularity over time.
Which of the Maslow hierarchy of requirements are some examples?A few examples include air, food, water, shelter, clothing, heat, sex, and sleep. Among the requirements for safety are weatherproofing, security, peace, and stability. Love and togetherness, including the need for strong relationships as well as a sense of belonging are the primary social wants.
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according to our understanding of integrated marketing communications, which of the following is not an example of one of the 10 rules of integration?
According to our understanding of integrated marketing communications, of the following is not an example of one of the 10 rules of integration start with a large budget.
How ought a novice to establish a budget?Set some objectives.
Establish your income.
Establish your costs.
Establish a budget.
Initially, pay yourself!
Be cautious when using credit cards.
Regularly check back.
How do you begin a strict spending plan?First, figure out your net income. Your net income is the basis of an efficient budget.
Next, keep tabs on your spending.
Step 3 is to make practical goals.
Make a plan in step four.
5. Modify your expenditures to keep inside your spending limit.
Step 6: Regularly review your spending plan.
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The ability of the Federal Reserve to use monetary policy to affect economic variables such as real GDP ultimately depends upon its ability to affect...
real interest rate
In the end, the Federal Reserve's capacity to influence real interest rates determines its capacity to employ monetary policy to influence economic variables like real GDP.
What Is a Real Interest Rate?Real interest rate is calculated as nominal interest rate minus inflation (expected or actual).
It depicts the value of the interest paid on a loan or investment in terms of its purchasing power.
What is Expected Rate of Inflation?The Federal Reserve (Fed), among other entities, informs Congress of the anticipated inflation rate. Reports include projections for at least three years. Instead of being given as single-point estimates, predicted (or anticipatory) interest rates are typically given as ranges.
The accompanying real interest rates must be viewed as anticipatory because the true rate of inflation might not be known until an investment matures or its holding period expires.
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judy owns a bookstore/cafe that has always done pretty well. however, a new competitor recently opened a block away, and judy's business has decreased. which of the following decisions would likely constitute an impermissible action on judy's part?
Judy constructs a repulsive rumor about her rival and spreads it to her clients.
What is impermissible action?
The forbidden is not permitted. Driving a vehicle at a speed of 100 mph on a highway is forbidden everywhere in the United States. You are allowed to do things that are permissible because they are acceptable, agreeable, or legal. The Company may stop making any additional payments that would otherwise be due under this agreement during the Severance Period and (ii) recover from the Executive any and all payments made under this agreement before the Company learned that the Executive was engaging in Impermissible Activities. A major change in the futures contract's or the commodity's constitution or composition that has occurred since the contract's launch date is referred to as a "material change in content."
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a law firm billed a client $2,600 for work performed in the current month. which of the following general journal entries will the firm make to record this transaction?
a law firm billed a client $2,600 for work performed in the current month.
Debit: Accounts Receivable (asset) $2,600 Credit: Fees Earned (revenue) $2,600
What are general journal entries?Generally, To record this transaction, the law firm would make the following general journal entry:
Debit: Accounts Receivable (asset) $2,600 Credit: Fees Earned (revenue) $2,600
This entry records the fact that the law firm has earned $2,600 in fees from the client and that the client now owes the law firm $2,600.
The accounts receivable asset account reflects the fact that the law firm has the right to receive payment from the client in the future, and the fees earned revenue account reflects the fact that the law firm has earned the revenue from the client's payment.
It's important to note that this journal entry assumes that the law firm has not yet received payment from the client. If the client has already paid the $2,600, the law firm would need to make a separate journal entry to record the receipt of payment.
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The market value of a fund's net assets divided by the number of mutual fund shares outstanding is called the NAV of the fund.
a. True
b. False
The market value of a fund's net assets divided by the number of mutual fund shares outstanding is called the NAV of the fund is option a. True.
What is market value in mutual fund?It is the price at which investors purchase fund shares from a fund company (bid price) and sell them to a fund company (redemption price). The total worth of all the cash and securities in a fund's portfolio, less any liabilities, is divided by the number of outstanding shares to arrive at the fund's NAV.
The total value of the assets owned less the total liabilities equals the Net Asset Value (NAV), which calculates the market value of an investment vehicle, such as a mutual fund.
Therefore, the net asset value of an investment fund is calculated by dividing the number of outstanding shares by the net value of the fund's assets less its liabilities. The pricing of each share is based on the NAV, and funds may be open or closed.
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A serve, sustained increase in oil prices would most likely cause short-run and long-run aggregate supply curves and the production possibilities curve to change in which of the following ways?
SRAS LRAS Pro. Poss
A. Decrease No change Shift outward
B. Decrease Decrease Shift outward
C. Decrease Decrease Shift inward
D. Increase No change No change
E. Increase Increase Shift inward
Which of the following would most likely alter as oil prices continued to rise: the production possibilities curve, the short- and long-term aggregate supply curves Decrease Decrease Move inward
Which supply curve kinds are there?In the meantime, there are two kind of supply curves: market supply curves and individual supply curves. The market supply schedule is represented by market supply curves, while individual supply supply curves depict the individual supply schedule.
What is the formula for the supply curve?Using a straightforward equation, a continuous supply curve may be drawn. P. = a + bS shows the supply curve's origin just on Y-axis intercept using the formula a =. b represents the supply curve's slope.
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the unlimited gift tax exclusion for medical or education expenses can only be gifted to which of the following
The unlimited gift tax exclusion for medical or education expenses can only be gifted to individuals, not to organizations or entities.
How do you qualify this exclusion?To qualify for this exclusion, the gift must be made directly to the medical or educational institution, and the funds must be used to pay for the recipient's qualifying expenses. Qualifying medical expenses include amounts paid for the diagnosis, cure, mitigation, treatment, or prevention of disease, and amounts paid for transportation to receive medical care.
The unlimited gift tax exclusion for medical or education expenses is separate from the annual gift tax exclusion, which allows an individual to make gifts up to a certain amount each year without incurring gift tax liability. The annual exclusion for 2021 is $15,000 per recipient.
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If an oligopoly is faced with a kinked demand curve which is relatively elastic above and relatively inelastic below the going price, then it will:
(a) increase total revenue by increasing price, but decrease total revenue by decreasing price.
(b) increase total revenue by decreasing price, but decrease total revenue by increasing price.
(c) increase total revenue by either increasing or decreasing price.
(d) decrease total revenue by either increasing or decreasing price.
(d) decrease total revenue by either increasing or decreasing price.
kinked-demand curve model of oligopoly:This model was developed independently by Prof. Paul M. Sweezy on the one hand and Profs. R. C. Hall and C. J. Hitch on the other hand.
The assumptions of kinked-demand curve model of oligopoly are:
(i) In an oligopolistic market, there aren't many companies.
(ii) The businesses are making nearly identical products.
(iii) The companies don't invest in advertising, and the quality of the goods stays the same.
(iv) The product has previously been assigned a set of pricing, and these prices are now in effect.
Because oligopolistic prices may shift seldom, the kinked-demand curve model of oligopoly can help to explain why.
Due to the fact that an oligopoly's kinked demand curve is highly elastic above and relatively inelastic below the going price.
This means that because demand is inelastic and price declines, the response to a price rise is less than the response to a price decrease. As a result, either an increase in price or a decrease in price will reduce overall income.
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Luker Corporation uses a process costing system. The company had $169,500 of beginning Finished Goods Inventory on October 1. It transferred in $846,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $167,200. The entry to account for the cost of goods sold in October is:
Multiple Choice
Debit Cost of Goods Sold $846,000; credit Finished Goods Inventory $846,000.
Debit Cost of Goods Sold $848,300; credit Finished Goods Inventory $848,300.
Debit Cost of Goods Sold $848,300; credit Work in Process Inventory $848,300.
Debit Finished Goods Inventory $167,200; credit Cost of Goods Sold $167,200.
Debit Finished Goods Inventory $846,000; credit Work in Process Inventory $846,000.
Debit $848,300 for the cost of goods sold; credit The item to reflect the cost of goods sold in October is Finished Goods Inventory $848,300.
Cost of Goods Sold Debit 848,300
(169,500+846,000-167,200) = 848,300 Credit - Finished Goods Inventory
The direct expenses incurred in creating the products a business sells are referred to as COGS. The cost of the materials and labor used directly to make the good are included in this sum. Indirect costs like those associated with the sales force and distribution are not included.
Due to the fact that COGS is deducted from revenues to calculate gross profit, it is a crucial financial statement indicator. The gross profit is a profitability indicator that assesses a company's capacity to effectively manage its work force and resources during the production process.
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Consider the case when Sony uses a Periodic Review Policy (I, S). Sony plans to order from its supplier once in fourteen business days, corresponding to a Review Period of I = 14 business days. The supplier delivers each order in a lead-time of 6 business days. Sony has an expected (average) daily demand of 150 units with a standard deviation (of daily demand) of 30 units. The management team at Sony continues to target a 93% service level. What is the appropriate safety stock (SS) ? Given the appropriate safety stock (SS) and the same information as in question 4, what is the appropriate base stock (S)? (Considering your answers to questions 4 and 5) What happens to SS and S (increase or decrease) if the service level is increased from 93% to 95%? Given all information from question 4,5, and 6, if Sony has 220 cards leftover in inventory at the end of a review period, how much should it order from its supplier to have a 93% service level? Given all information from question 4,5,6. If Sony has 220 cards leftover in inventory at the end of a review period, how much should it order from its supplier to have a 95% service level?
A The standard deviation (or ) measures how widely distributed the data are in relation to the mean. Records are concentrated throughout the suggest if the general deviation is low, and high if the trend deviation is
Give a definition of a periodic review system and an illustration:
The periodic review technique allows you to estimate the quantity of a product your business has on hand at predetermined, set intervals of time (such as every Friday or the last day of every month).
What benefit does a system of periodic reviews offer?
The periodic inventory method has the benefit of eliminating the requirement for separate accounting for inventories of raw materials, work-in-progress, and finished items. The only thing that is noted are purchases.
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The disadvantages of the partnership form of business organization, compared to corporations, include.
One drawback of a partnership is that each participant has unlimited accountability for the obligations of the company. The debts of the partnership are "jointly and severally" owed by each member.
Partnership: What Is It?A limited company is a type of business where two or more persons enter into a legal agreement to be co-owners, share in the organization's profits or losses, and divide the duties for managing it.
What kind of cooperation would that be?By definition, a partnership business consists basically two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses. Law firms, medical groups, private equity firms, and accountancy groups are typical instances of partnership businesses.
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Oscar Ramirez's job has been redesigned. He has more authority and responsibility and feels the job now is very challenging to him. The company has used job _____ to challenge Ramirez.
Oscar Ramirez's job has been redesigned. He has more authority and responsibility and feels the job now is very challenging to him. The company has used job enrichment to challenge Ramirez.
What is job enrichment?In management, job enrichment means a strategy that is used to motivate employees by giving them an increased responsibility and variety in their jobs. The idea of job enrichment is to allow employees to have more control over their work, so, they can tap into their natural desire to do a good job and contribute to the overall goals of the company.
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over 3000 teens per year, between 15 and 20 years of age lose their lives in fatal crashes. texas drivers impact answers T/F
True. According to the National Highway Traffic Safety Administration (NHTSA), 3,102 teens between 15 and 20 years of age lost their lives in fatal crashes in 2017.
This accounts for just over a quarter of all traffic fatalities in the United States, making teen drivers one of the most at-risk groups for fatal crashes. The leading cause of teen driver fatalities is distraction, followed by alcohol and drug use, speeding, and not wearing a seat belt.
Given these facts, it is important for teens to understand the risks associated with driving and take steps to practice safe driving habits. This includes avoiding distractions, never driving under the influence of alcohol or drugs, obeying speed limits, and always wearing seat belts.
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Breaking down resistance to a new strategic vision typically requires that management,
on an as needed basis,
A)institute a balance scorecard to measuring company performance, with the balance including a mixture of both old and new performance measures.
B)inform company personnel about forthcoming changes in the company's strategy.
C)reiterate the company's need for the new direction, while addressing employee concerns head-on, calming fears, lifting spirits, and providing them with updates
and progress reports as events unfold.
D)explain all updates and merits of the company's business model to align strategy with employee concerns.
E)raise wages and salaries to win the support of company personnel for the company's new direction.
Breaking down resistance to a new strategic vision typically requires that management, on an as needed basis, reiterate the company's need for the new direction.
While addressing employee concerns head-on, reducing anxiety, boosting morale, and giving them updates and progress reports as things happen. Therefore, option (C) is the correct answer.Management is the process of executing the task or activity required to promptly and successfully achieve an organization's goals. The procedure implies the management duties. This covers recruiting, selecting, supervising, and managing the staff. Effectiveness refers to completing the prescribed work whereas efficiency refers to doing it with the fewest resources possible.Therefore, management can be defined as the act of organising, staffing, directing, and managing so that the organization's goals are successfully attained with the least amount of money and resources.
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there are three types of sources of short-term financing mary and john are considering: forego discounts and pay invoices on the due date, attempt to negotiate a monthly pay
Trade credit, bank commercial loans, commercial paper, a particular kind of promissory note, and secured loans are the primary sources of short-term finance.
Why is financing for the short term crucial?
Most short-term loans are returned in a year or less. Less time in payments indicates a lower total amount of interest over the loan's life. Increasing the situation by making these payments on schedule and paying off the debt
What qualities define short-term financing?
Short-term loans are so named because they must be repaid in a short period of time. The typical time frame for repayment is six months to a year, with a maximum of 18 months. A medium-term loan is one with a term that is greater than that.
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Properly designed and targeted telemarketing provides many benefits, including purchasing convenience and increased product and service information.
Numerous advantages can be obtained by well-planned and targeted telemarketing, including easier shopping and more information about goods and services.
Is the assertion accurate?True, well-planned and focused telemarketing offers a variety of advantages.
How does telemarketing operate and what is it?Telemarketing is a direct form of advertising in which a sales professional makes phone calls to potential clients to promote a product or service. Customers may be contacted by salespeople via phone, email, or other means on the internet. Selling goods or services over the phone is known as telemarketing. Businesses will occasionally refer to it as "tele-sales" or "inside sales."
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A manufacturer with a product in the decline stage of the product life cycle might decide to________ if it has reason to hope that competitors will leave the industry.A) harvest the productB) maintain the product without changeC) drop the productD) search for replacementsE) delay planning
A manufacturer with a product in the decline stage of the product life cycle might decide to delay planning if it has reason to hope that competitors will leave the industry. The correct option is E.
What happens to the price of a product in the decline stage?Pricing strategy at this stage: As a product loses market share, many companies decide to reduce its price. In fact, you can test a few different pricing methods at this point. To draw in more customers, you might try a pricing strategy that offers discounts. This will make room at your company for new products.
When a product disintegrates as a result of slowing down or experiencing negative growth, it enters the decline stage of its life cycle. Lower demand, which ultimately results from fresh inventions and technological advancements, is the cause.
Thus, the ideal selection is option E.
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The second step in the integrative framework for the implementation of task redesign is (A) diagnosis of the work system and context.
The second step in the integrative framework for the implementation of task redesign is selection of task redesign as a potential intervention.
What is meant by integrative framework?A method for conceptualizing negotiation decisions that considers all potential outcomes, options, and scenarios. used to integrative negotiations with the goal of combining the objectives of all the parties to the negotiation in order to maximize value through cooperative negotiation.
The integration of Enterprise Resource Planning (ERP) systems is a common practice. The current generation of ERP systems also have the capacity to link suppliers, customers, and business partners in order to integrate value chain activities, whereas earlier ERP systems integrated core business functions. In spite of this, the important success variables for ERP assimilation that have been discovered in the prior literature do not emphasize external elements, such as the potential involvement of external stakeholders.
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