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Discuss the Advantages and Disadvantages of the Three Methods of Converting

question 49

Essay

Discuss the advantages and disadvantages of the three methods of converting to a new system: cold turkey (big bang)cutover,phased cutover,and parallel operation cutover.


Definitions:

Neo-Mercantilism

An economic strategy emphasizing national economic policies that restrict imports and promote domestic industries through tariffs, subsidies, and other protectionist measures.

Foreign Competition

The competition that domestic companies face from abroad, often referring to the goods and services offered by companies located in other countries.

Infant Industry Theory

An economic rationale for trade protectionism arguing that emerging domestic industries need protection from international competition until they become mature and competitive.

Protected

Safeguarded from harm or damage through legal, physical, or other means.

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