In the Context of the Planning Phase of the Systems

question 25

Multiple Choice

In the context of the planning phase of the systems development life cycle (SDLC) , which of the following is an example of an internally identified problem in information systems?

• A) Distributers demanding an increase in their profit margin before the launch of the system
• B) Suppliers noting inefficiency in the inventory control procedure
• C) Management voicing concern about the organization's lack of a competitive edge in the marketplace
• D) Government regulations that need to be followed by the system for its approval in the global marketplace

Understand the concept of competitive pricing strategies and their implications on market dynamics.

Recognize various pricing orientations (e.g., customer, competitor, sales, and profit orientations) and their strategic applications.

Identify and explain the concepts of price elasticity and how it affects consumer demand and pricing strategies.

Comprehend the role of price in the marketing mix and its relationship with perceived value, cost, and consumer purchasing behavior.

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Definitions:

Interest On Debt

The cost incurred by an entity for borrowing funds, which is paid as a fee over time to the lender.

Liquidity

The ease with which assets can be converted into cash, indicating the financial health and operational efficiency of a business.

Receivables Ratio

A financial metric used to assess how efficiently a company uses its assets, particularly measuring how many times a company collects its average receivables within a certain period.

Vertical Analysis

An accounting method where each entry in a financial statement is listed as a percentage of another item, facilitating ratio analysis and comparisons.