The Systems Identification and Selection Process for an Internet-Based Electronic

question 134

True/False

The systems identification and selection process for an Internet-based electronic commerce application is no different than the process followed for other applications.

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Definitions:

Margin

The difference between the selling price of a good or service and its cost, often expressed as a percentage of the selling price.

Return On Investment

A performance measure used to evaluate the efficiency of an investment by comparing its return to its cost.

Residual Income

The amount of income that an individual or company has after all required expenses and costs have been paid.

Minimum Required Rate

The lowest acceptable rate of return on an investment or project, often used in capital budgeting.