Match Each of the Following Terms with Its Definition

question 98

Multiple Choice

Match each of the following terms with its definition.
-The process of assessing potential legal and contractual ramifications due to the construction of a system.

• A)economic feasibility
• B)legal and contractual feasibility
• C)operational feasibility
• D)political feasibility
• E)schedule feasibility
• F)technical feasibility

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Definitions:

Purchase Decision

The evaluation process leading to the choice of a product or service among several alternatives, culminating in the action of buying.

Frequency of Purchase

The rate at which customers buy a particular product or service over a specific period of time.

Specialty Product

Goods or services that are characterized by a unique quality, brand, or characteristic that drives consumers to make a special effort to purchase them.

Discretionary Product

A non-essential good or service purchased with disposable income, often subject to personal tastes and economic conditions.