Answer the following question:

Do you feel the technical evaluation process is clearly defined to determine if the tradeoff process is appropriate?

For business understanding, the term tradeoff is critical because, on the course of doing business, a company may face a choice where they have to apply the concept of tradeoff to be successful. The tradeoff is a situation that involves losing one quality, aspect, or amount of something in return for gaining another quality, aspect, or amount. Despite its value, the business owner or management must understand when it becomes appropriate for the business to settle for the tradeoff.