Business Strategy Sets the Overall Direction for the Business;while the IT

question 82

True/False

Business strategy sets the overall direction for the business;while the IT strategy defines what information,ISs,and architecture are needed to support the business and how infrastructure and services are to be delivered.

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Definitions:

Fixed Cost

represents expenses that do not change in total regardless of the level of output or activity, such as rent or salaries.

Lawn-mowing

The act of cutting the grass on lawns to maintain a neat appearance and promote healthy grass growth.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and perfect information that leads to all firms receiving the same price for their product.

Kansas Corn Market

The market environment in which corn, as an agricultural product, is traded, bought, and sold within the state of Kansas.