A Software _____ Is a Working Model of a System

question 52

Short Answer

A software _____ is a working model of a system developed to enable users to interact with it and provide feedback so developers can better understand what is needed.

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Definitions:

Final Product

A good or service that has completed the production process and is available for sale to the end consumer.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, such as labor or capital.

Employment

Refers to the condition of having a paid job or being engaged in an activity that generates income.