Briefly Describe the Five Major Challenges to Systems Development

question 36

Essay

Briefly describe the five major challenges to systems development.

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Definitions:

Inelastic

A situation where the demand or supply of a good or service is not significantly affected by changes in price.

Fastest-growing

Describes entities, sectors, or economies that are increasing in size, value, or importance at a more rapid pace than others within the same category.

Occupations

Refers to various jobs or professions that individuals engage in to earn income and contribute to the economy.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in one of its determinants, such as price.