Application Software Can Be Categorized as Either General-Purpose, Specialized, or _______

question 1

Short Answer

Application software can be categorized as either general-purpose, specialized, or _______ apps.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, indicating the company's bottom line.

Variable Expenses

Expenses that change in proportion to the activity of a business, similar to variable costs.

Selling Price

The amount at which a product or service is sold to customers.

Operating Leverage

Operating Leverage is a measure of how a company's operating income changes with sales volume, indicating the proportion of fixed costs in total costs.