The Maintenance Phase of the SDLC Is the Final Phase

question 30

True/False

The maintenance phase of the SDLC is the final phase of the SDLC and includes making changes,corrections,additions,and upgrades (generally smaller in scope)to ensure the system continues to meet the business requirements that have been set out for it.

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Definitions:

Economic Profit

The total revenue of a firm minus its explicit and implicit costs, essentially measuring the excess beyond the break-even point.

Price Discrimination

Price Discrimination occurs when a seller charges different prices for the same product or service to different customers, based on factors other than the cost of production.

Individual Demand

The quantity of a good or service that a single consumer is willing and able to purchase at various prices.

Price Discrimination

The strategy where a business sells the same product at different prices to different groups of consumers, based on willingness to pay.