To Accomplish the Goals of Maximizing Short- or Long-Run Profits

question 76

Multiple Choice

To accomplish the goals of maximizing short- or long-run profits and to quickly recover development costs, which of the following is an appropriate strategy?

• A) penetration pricing
• B) price skimming
• C) psychological pricing
• D) price lining

Understand the implications of IT decisions on organizational efficacy.

Recognize the significance of technological frameworks and environments in development, like containers and object-oriented development.

Acknowledge the impact of database design and IT infrastructure on an organization's longevity.

Understand the importance of IT planning and justification in organizations of all sizes.

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Definitions:

Order

The command, direction, or sequence according to which activities, operations, or events are conducted, maintained, or arranged.

Liberty

A fundamental principle denoting the individual's right to freedom, especially from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Equal Treatment

The principle that all individuals must be treated with the same respect and fairness, especially under the law, without discrimination.

Concept of Liberty

A political philosophy principle that emphasizes individual freedom and the right to live one’s life without undue government interference.