What Is a Definition of a Service Improvement Plan (SIP)

question 41

Multiple Choice

What is a definition of a service improvement plan (SIP) ?

• A) A formal plan to implement improvements to a customer's business processes
• B) An input from availability management to service level management, detailing the service design plan
• C) A formal plan to implement improvements to a service or process
• D) An input from financial management for IT services to service level management, detailing the budget plan

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Definitions:

Demand Function

A mathematical expression showing the relationship between the quantity demanded of a good and its price, holding other factors constant.

Supply Function

A numerical model illustrating how the amount of a product provided is related to its cost.

Subsidy

A subsidy is a financial contribution provided by the government or a public body to support businesses, consumers, or sectors, reducing the price of goods or services.

Supply Function

A supply function is a mathematical relation that shows how the quantity supplied of a good is influenced by its price and possibly other factors, such as production cost.