What Are the Specific Business Requests the System Must Meet

question 138

Multiple Choice

What are the specific business requests the system must meet to be successful, so the analysis phase is critical because business requirements drive the entire systems development effort?

• A) COBIT
• B) Conversion
• C) Business requirements
• D) Sign-off

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Definitions:

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total amount of the good that all consumers are willing to purchase at each price level.

Willingness to Pay

The utmost price a consumer is ready to pay for a good or service, indicating its perceived value to them.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they actually pay.

Complements

Goods or services that are often used together, where the use or consumption of one enhances the use or consumption of the other.