Employers and Schools Often Specify Standards for the Ethical Use

question 43

Short Answer

Employers and schools often specify standards for the ethical use of technology in an IT ____________________ and then distribute these standards to employees and students.

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Definitions:

Profit Objective

The goal a business sets to achieve a specific amount of profit within a certain timeframe.

Pricing Objectives

The goals that a company aims to achieve through its pricing strategy, such as maximizing profit, increasing market share, or discouraging competition.

Pricing Constraints

Limitations on the setting of prices caused by factors like competition, cost of production, and regulatory environments.

Estimate Demand

involves predicting the quantity of a product or service that consumers will purchase, which is crucial for inventory management, pricing strategies, and planning production levels.