When determining the IT architecture and its appropriate IT infrastructure, a manager may seek answers to the questions listed below. Match the question with the IT component it helps to select.
Should our employees get a desktop computer, a laptop or a tablet device? Shall we implement Salesforce com or Oracle CRM On Demard? Carn we purchase a standard ERP package or do we need to write our own application? Who will provide us wireless capabilities? Will our critical business infornation be backed up orl- site or done remotely over the Intemet? Hardware Software Software Network Data
Determine the strategic interdependence between different firms in a market.
Apply the concept of utility functions to analyze consumer behavior and its impact on market dynamics.
Understand the significance of optimizing production to maximize profits in a multi-product firm.
Understand the concept of utility functions and how they determine preferences and decisions.
Contractual Liability
The liability that individuals or entities have to one another as a result of entering into an agreement.
Common Law
A system of law based on precedent and customs rather than statutory laws.
Gap-Filling Rules
Provisions in law that allow courts or parties to fill in missing terms in a contract.
Sale Of Goods
The transfer of ownership to tangible personal property in exchange for money, other goods, or the performance of service.