Advantages of Rapid Application Development Include Which of the Following

question 1

Multiple Choice

Advantages of Rapid Application Development include which of the following?

• A) active involvement of users in the development process
• B) faster development process
• C) system better meets user needs
• D) reduction in training costs
• E) all of the above

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Definitions:

Odd Pricing

Psychological pricing strategy in which goods are priced at, say, $9.99 rather than $10.00 in the belief that the price will seem lower than it really is.

Prestige Pricing

A pricing strategy where goods are priced higher than market averages to evoke a sense of luxury or exclusivity.

Reference Pricing

Reference pricing is a pricing strategy wherein the price of a product is determined relative to the price of similar products or a benchmark in the market.

Penetration Pricing

A pricing strategy where the price of a product is set lower than the competitors' to gain market share rapidly.