CIS 101 Lecture Notes - Lecture 2: Functional Requirement, Elance, Apple Developer

• School: Quinnipiac University
• Department: Computer Information Systems
• Course: CIS 101
• Professor: Bruce Saulnier

Document Summary

Developer costs pay for initial development and ongoing maintenance of. Legal costs file for doing business as (dba) license or limited liability. Marketing costs need to promote app and accompanying website through. Llc offers some protection from personal liability. online marketing. Fixed costs - expenses that do not vary with sales volume. Must be paid whether or not anything is sold. Variable costs - expenses that change in relation to sales volume. Contribution margin per unit (cmu) => marginal profit per unit sale. In other words, profit you make on every sale. Cmu = price per unit variable costs (commission (ex: x30%)) Sales volume at which revenues equal total of all costs (i. e. profit = sh). In other words, number of units you have to sell in order to cover your costs. Bep = fixed costs / contribution margin per unit. Outsourcing - hiring another firm to do a job that traditionally might have been done in-house.