Discuss the Steps Involved in Identifying Technical Specifications, and Acquiring

question 153

Essay

Discuss the steps involved in identifying technical specifications, and acquiring hardware and software, including definitions of RFQ, RFP, and RFI.

---

Definitions:

Sales Revenue

The income received by a company from its sales of goods or the provision of services, before any expenses are deducted.

Earnings Before Interest And Taxes

A financial performance measure that calculates a company's profitability before deductions for interest and taxes.

Operating Income

The amount of profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the proportion of fixed costs in a company's cost structure.