Identify Each Resource Below as an IT Asset or an IT

question 29

Short Answer

Identify each resource below as an IT asset or an IT capability.
$$\begin{array} { | l | l | } \hline \text { IT asset } & \text { Information repository } \\\hline \text { IT asset } & \text { IT infrastructure } \\\hline \text { IT asset } & \text { Software } \\\hline \text { IT asset } & \text { Network } \\\hline \text { IT capability } & \text { Ability to desipn, develop and irmplement Is } \\\hline \text { IT capability } & \text { Project marnagernent } \\\hline \text { IT capability } & \text { Relationship skills } \\\hline\end{array}$$

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Definitions:

Prestige Products

Goods that are considered luxury items and signify a status symbol to consumers.

Higher Prices

Charging more for goods or services, often due to increased demand, higher costs of production, or added value.

Substitute Products

Products for which changes in demand are negatively related; that is, a percentage increase in the quantity demanded for product A results in a percentage decrease in the quantity demanded for product B.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often influencing pricing strategies.