click below
click below
Normal Size Small Size show me how
MBA
| Term | Definition |
|---|---|
| Competitive Advantage | The edge achieved by businesses that offer something better than their competitors. |
| Cost-Effective | Economical; good value in relation to the price, or cost. |
| Data | Facts and figures. |
| Data Gathering | The process of collecting facts and figures. |
| Data Processing | Analyzing the fact figures collected and putting them into formats useful to the business. |
| Decision-Oriented | Accustomed to making choices. |
| Enterprise Resource Planning ERP | Software applications using database technology that enables business to manage its information about customers, products, employees, and finances. |