____________________Describes the Ability of IT to Support a Business Environment

question 36

Short Answer

____________________describes the ability of IT to support a business environment where dynamic changes in products or services can be made with no change to business processes.

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Definitions:

APS

Average Propensity to Save, which is the fraction of income that is saved rather than spent on consumption, calculated as savings divided by disposable income.

APC

Average Propensity to Consume, the ratio of total consumption to total disposable income, indicating how much income is spent on goods and services.

APS

Average Propensity to Save, a macroeconomic term that refers to the proportion of total income which is saved by households in an economy.

APC

Average Propensity to Consume, which is a measure of the percentage of income that is spent on goods and services rather than being saved.