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The data dictionary resulting from the system analysis phase includes any instruments (such as questionnaires or interview questions) used in the data gathering stage, as well as the resulting diagrams, tables, trees, models, and other tools used to summarize and analyze the gathered data. _________________________
Value Analyses
A method of assessing the functions of a product or service to reduce costs and improve product value for consumers.
Selling Price
The amount of money charged for a product or service, determined by factors such as cost, market demand, and competition.
Retail Cost
The total price at which a product is sold to the end consumer, including costs of production, distribution, and a profit margin.
Markup on Selling Price
The amount added to the cost price of goods to cover overhead and profit, calculated as a percentage of the selling price.