The Justification That Presents the Economic, Technical, Operational, Schedule, Legal

question 49

Multiple Choice

The justification that presents the economic, technical, operational, schedule, legal and contractual, and political factors influencing a proposed information systems project is called:

• A)law case.
• B)feasibility assessment.
• C)business rationale.
• D)business case.

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Definitions:

Price Differences

Variations in the cost of goods or services, often arising from factors like geographical location, demand, or manufacturing costs.

Market Demand

The total demand for a product or service within a market, summing up the individual demands of all potential buyers.

Purely Competitive Industry

An industry characterized by many buyers and sellers, free entry and exit, and a product that is homogeneous, leading to the establishments of a market price for all participants.

Industry Elastic

The responsiveness of the quantity demanded or supplied of goods or services in an industry to changes in price.