Correct Answer: The 4 key phases of business development are: Forming, Storming, Norming and Performing

Correct Answer: Change management is the biggest challenge in each and every industry After requirements stage when development is started client will come-up with some new changes or enhancements Cross departmental or cross team management ? like conflict management between teams Also individuals This requires soft skills and smartness Communication problems ? In real time this can happen You might be good in speaking and understanding the English language BUT sometimes it happens like Different people across the globe speak different style of English In USA itself Mexico people speak English differently Romans speak different English So at initial level to understand the accent can be a challenge but after some time you will become perfect

Correct Answer: The software is expressly built to allow companies to mimic their unique business practices

Explanation:

Enterprise systems (ES) are large-scale application software packages that support business processes, information flows, reporting, and data analytics in complex organizations.

 

Here option A) The software is expressly built to allow companies to mimic their unique business practices is not TRUE about enterprise systems.

Correct Answer: 6

Explanation:

The process of System development life cycle goes through a series of stages in step wise fashion that almost every developing company follows.

Known as the 'software development life cycle,' these six steps include:

 

1. Planning

2. Analysis

3. Design

4. Development & implementation

5.Testing & deployment and

6. Maintenance.

 

Correct Answer: All of the above

Explanation:

Networking is a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

 

Examples of Business networks are ::

1. Casual contact networks

2. Strong contact networks

3. Community service clubs

4. Professional associations

5. Online/social media networks.

Correct Answer: a growing recession

Explanation:

A low trough is indicative of "a growing recession" since a trough indicates a general change in the business cycle, which can have varying degrees of importance. A recession could be an important decline in economic activity that goes on for quite many months.

Correct Answer: economy is transitioning from a period of decline to a period of expansion

Correct Answer: SAP is the name of the company founded in 1972 under the German name (Systems, Applications, and Products in Data Processing) is the leading ERP (Enterprise Resource Planning) software package

Correct Answer: ERP is a package with the techniques and concepts for the integrated management of business as a whole, for effective use of management resources, to improve the efficiency of an enterprise Initially, ERP was targeted for manufacturing industry mainly for planning and managing core business like production and financial market As the growth and merits of ERP package ERP software is designed for basic process of a company from manufacturing to small shops with a target of integrating information across the company

Correct Answer: There are number of technical reasons numbers of companies are planning to implement SAP It?s highly configurable, highly secure data handling, min data redundancy, max data consistency, you can capitalize on economics of sales like purchasing, tight integration-cross function