The Value Proposition Step in the Analysis of an IT

question 16

True/False

The value proposition step in the analysis of an IT initiative should focus on five questions,including the timing of expected benefits.

---

Definitions:

Market Price

The existing selling or buying price for a service or asset in a particular trading environment.

Economic Profit

The total revenue of a business minus its total costs, including both explicit and implicit costs.

Average Variable Cost

The total variable cost divided by the total output, indicating the variable cost for producing one more unit of a good or service.