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Discuss How an Organization Can Develop Custom Software

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Essay

Discuss how an organization can develop custom software.


Definitions:

Annual Sales

The total revenue a company generates from its business activities over the course of a year.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Cartel

A formal agreement among competing firms to control prices or exclude entry of a new competitor in the market.

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