A Commercial Software System That Is Completely Finished,tested,and Ready for Implementation

question 72

Multiple Choice

A commercial software system that is completely finished,tested,and ready for implementation is called a

• A)backbone system
• B)vendor-supported system
• C)benchmark system
• D)turnkey system

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Definitions:

Learning Curve Coefficients

Quantitative measures that describe the rate at which learning and efficiency improvements occur over time in performing a task.

Learning Curve

The graphical representation of how an increase in learning comes from greater experience or the decrease in marginal costs over time.

Aggressive Pricing Policy

A strategy where a company sets lower prices than its competitors to gain market share and deter competition.

Continuing Cost Reduction

A strategy aimed at consistently lowering costs over time through efficiency improvements and waste reduction.