Peter Weill's produced a study that identified the 4 main categories that make up a company's IT portfolio: the IT infrastructure,transactional systems,informational systems,and strategic systems.Weill's research shows that most companies spend a majority of their IT portfolio on the 1.______ and the least amount of money is spent on the
2.__________.A company that is seeking to be highly agile should spend more money on the
3.__________ to provide a nimble platform and less money on the
4._________ which tends to lock in current business processes.
Definitions:
Price Taker
A market participant that accepts the prevailing market price and does not have the power to influence it.
Perfectly Competitive
A market structure characterized by a complete absence of rivalry among the individual firms.
Price Takers
Firms or individuals who accept the market price as given and have no influence to change it due to their small market share.
Market Price
The prevailing rate at which a service or asset is traded in the free market.
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