The Existing IT Architecture Is a Necessary Input into the IT

question 8

True/False

The existing IT architecture is a necessary input into the IT strategic plan, but it is not an absolute constraint.

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Definitions:

Output

The total amount of goods or services produced by a person, machine, or industry during a given period.

Price Taking Firm

A company that must accept the market price for its product, as it has no power to influence the price due to intense competition or market conditions.

Maximum Profit

The highest possible financial gain an entity can achieve in a given period, usually by optimizing sales and minimizing costs.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and no barriers to entry or exit.