Match Each of the Following Terms with Its Corresponding Description

question 63

Multiple Choice

Match each of the following terms with its corresponding description.
-Refers to the vendor's ability to remain in business

• A)Ease of installation
• B)Vendor Support
• C)Viability of Vendor
• D)Flexibility
• E)Functionality
• F)Request for proposal
• G)Response time
• H)Documentation

---

Definitions:

ATC

Average Total Cost, which is the sum of all production costs divided by the quantity of output produced.

Short Run

A period in which at least one input is fixed and firms cannot adjust all inputs to production.

ATC

Average Total Cost; the total cost of production divided by the quantity of output produced.

Price Charged

The amount of money required for the purchase of a good or service, set by the seller.