Why Do Businesses Develop Information Systems? Also, Point Out Some

question 63

Essay

Why do businesses develop information systems? Also, point out some of the wrong reasons businesses sometimes cite for developing information systems.

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Definitions:

Vertical Axis

The “up-down” or “north-south” measurement line on a graph or grid.

Marginal Revenue

The financial gain from disposing of one extra unit of a product or service.

Average Revenue

The amount of income generated per unit of sale or the total income divided by the number of units sold.

Purely Competitive Seller

A seller in a market that has many buyers and sellers, with all firms selling identical products and no barriers to entry.