The acronym âSAP,â for Systems, Applications, and Products in Data Processing, is the name of a corporation that specializes in business products and services designed to improve operational efficiency. All types and sizes of businesses use SAPâs âenterprise application softwareâ to manage people, information, products and processes.
symbolic resources meaning, symbolic resources definition | English Cobuild dictionary. symbolic. 1 adj If you describe an event, action, or procedure as symbolic, you mean that it represents an important change, although it has little practical effect.
Resource allocation is a process in which a company decides where it wants to place its scarce resources. The overall strategy is to produce the goods and services that match customer preferences for the lowest possible cost of production so that resource use can be maximized.