One of the Disadvantages of Having a Database Management System

question 62

True/False

One of the disadvantages of having a database management system is that a specialized database management staff must be hired and maintained.

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Definitions:

Increasing-Cost Industry

An industry in which production costs increase as output expands, often due to factors like resource depletion or increased demand for inputs.

Entry

The act of a new competitor joining a market, which can influence market dynamics, prices, and competitive strategies.

Input Prices

Refers to the costs associated with the goods and services used in the production of another product, affecting the overall cost of production.

Average Variable Costs

The total variable costs divided by the number of units produced, indicating the average cost of producing each unit excluding fixed costs.