________ Takes Place When a Firm Contracts Custom Software Development

question 24

Multiple Choice

________ takes place when a firm contracts custom software development or maintenance of existing legacy programs to outside firms.

• A)Cloud computing
• B)Utility computing
• C)On-demand computing
• D)Outsourcing
• E)Consumerization of IT

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Definitions:

Consumer Income

The total earnings of consumers, encompassing wages, dividends, and other sources of income, which determine their purchasing power.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.

Price of Belts

This refers specifically to the market value or cost at which belts are sold or purchased.

Demand

The desire and ability of consumers to purchase goods or services at a given price.