Understanding the Life Span of the IT Infrastructure and Architecture

question 6

Multiple Choice

Understanding the life span of the IT infrastructure and architecture is called:

• A) IT life cycle
• B) Strategic timeframe
• C) Architecture life cycle
• D) IT life span
• E) System timeframe

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Definitions:

Odd Pricing

Psychological pricing strategy in which goods are priced at, say, $9.99 rather than $10.00 in the belief that the price will seem lower than it really is.

Prestige Pricing

A pricing strategy where goods are priced higher than market averages to evoke a sense of luxury or exclusivity.

Reference Pricing

Reference pricing is a pricing strategy wherein the price of a product is determined relative to the price of similar products or a benchmark in the market.

Penetration Pricing

A pricing strategy where the price of a product is set lower than the competitors' to gain market share rapidly.