The Goal of Systems Design Is to

question 99

Multiple Choice

The goal of systems design is to

• A) determine when to implement a system
• B) meet user needs
• C) determine the size of the competitor's system
• D) make changes to the present system

---

Definitions:

Sole Supplier

A market situation in which only one company provides a particular product or service, potentially leading to monopoly power and less competitive prices.

Monopoly

A reiteration for a market structure with a single seller dominating the whole supply of a particular product or service, without close substitutes.

Substitutes

Goods or services that can be used in place of each other; when the price of one increases, the demand for the other increases.

Perfect Competition

Perfect competition describes a market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller has market power to influence prices.