Distinguish Between the Iterative Approaches of Prototyping and Agile Software

question 17

Essay

Distinguish between the iterative approaches of prototyping and agile software development.

Describe the factors involved in choosing an ethical course of action after brainstorming and evaluating alternatives.

Differentiate firms that practice corporate social responsibility from those that practice conscious marketing.

Explain the strategic marketing planning process and the integration of ethical considerations.

Describe specific CSR efforts by companies to mitigate criticism and support social responsibility.

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Definitions:

Perfect Competitor

A Perfect Competitor refers to a market participant in a perfect competition market structure, where there are many buyers and sellers, and none can influence the market price.

Imperfect Competitor

A market participant that does not meet the criteria of a perfect competitor, often having some control over market prices due to lack of competition.

MRP

Stands for Marginal Revenue Product, which is the additional revenue produced by hiring or utilizing an additional unit of a resource.

Output Increases

A situation where the production capacity of an economy grows, leading to more goods and services being available.