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Identify the life cycle phases of IT Projects
Raise Profits
Strategies or actions taken by businesses to increase their net earnings or margin.
Inverse Demand Curve
A graph illustrating the relationship between price and quantity demanded, showing price on the Y-axis and quantity on the X-axis, essentially reversing the axes of a standard demand curve.
Marginal Costs
The increase in the full cost incurred by generating an additional unit of a product or service.
Perfect Price Discrimination
A pricing strategy where a seller charges each buyer their maximum willingness to pay, capturing the entire consumer surplus.
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