In Contracting a Project to a Third-Party,the Acronym BOOT Means

question 1

Multiple Choice

In contracting a project to a third-party,the acronym BOOT means ______.

• A)the third-party not only completes the project but also operates it for a while to demonstrate everything is functioning as it should
• B)the third-party not only completes the project but then pushes-or boots out-the project to the ultimate owner who then tests and operates the project
• C)if the project is not completed on time,the third-party contractor is booted out
• D)buy-organize-operate-terminate

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Definitions:

Qualified Prospects

Potential customers who have been evaluated and deemed likely to be interested in a company's product or service based on specific criteria.

Customer Base

The group of consumers who regularly purchase the goods or services of a business, forming the foundation of the company's revenue.

Marketing Mix

Refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Product, Price, Place, and Promotion.

Four Ps

A marketing mix model that encompasses Product, Price, Place, and Promotion, used by businesses to effectively market their goods and services.