Examlex
A benefit of using TCO analysis to evaluate an information technology investment is that it is able to incorporate intangible and "soft" factors such as benefits and complexity costs.
Competitive Advantage
The attributes that allow an organization to outperform its competitors, such as superior quality, cost advantages, or innovative features.
Short-term Investment
An investment held for less than twelve months before being sold or converted to cash.
Long-term Enterprise
A business or company designed with the intention of achieving objectives and growth over an extended period, focusing on sustainability and long-range planning.
Strategic Planning Process
A systematic series of steps that an organization follows to define its strategy or direction and make decisions on allocating resources to pursue this strategy.
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