In the context of enterprise resource planning (erp) systems, the most efficient and effective ways to complete a business process are called

best practices

Explanation: In context of Enterprise resource planning, the most efficient ways to conduct business activities are termed as best practices.

Best practices are those alternatives of doing an activity which are superior to other alternatives as they results in better conclusions than other options. These are generally seen as a techniques or a standard method of performing an activity.

The correct answer to the following question is Best practices .

Explanation:

ERP which is know as enterprise resource planning system can be defined as a process which is used by the companies , in order to integrate and manage the various crucial parts of their business . Here an enterprise resource planning software system can easily be used to integrate purchasing inventory, human resources, marketing etc. And if the business process are completed in most effective and efficient ways then it would be called best practices.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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