Answer:
The description of the given question is explained below in the explanation portion.
Explanation:
Risk 1: <u>New customer</u>
- Our advantage comes from developing strong client relationships, that also typically lead to other initiatives with this client.
Risk 2: <u>Poor cost estimate</u>
- It's always research linked towards the building of educational business process, therefore a complicated project consisting of several components including students, instructional personnel, and clients.
Risk 3: <u>Difficult to maintain</u>
- Throughout the long term, disproportionately numerous people will be able to use that same technology in some of these circumstances.
The answer is economic life.
The period of time over which an improvement to the property will contribute to its value is known as its economic life.
What is economic life?
- The estimated span of time that an asset will be beneficial to the average owner is referred to as its economic life.
- When an asset is no longer beneficial to its owner, it is said to have reached the end of its economic life. The economic life of an asset may differ from its physical life.
- Owners must consider the asset's net present value (NPV), internal rate of return (IRR), and return on investment when estimating the figure (ROI). Several causes can shorten or end an asset's economic life. Asset wear, deterioration, or damage diminishes the economic life of an asset.
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