_________ Is a Method of Delivering Software in Which a Vendor

question 146

Multiple Choice

_________ is a method of delivering software in which a vendor hosts the applications and provides them as a service to customers over a network, typically the internet.

• A) ASP
• B) ERP
• C) PaaS
• D) SaaS

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Definitions:

Income Effect

The change in an individual's consumption choices resulting from a change in real income, due to price changes or income changes.

Substitution Effect

The change in consumption patterns due to a change in relative prices, causing consumers to replace pricier items with more affordable substitutes.

Substitution Effect

The change in consumption patterns due to a change in relative prices, causing consumers to substitute away from more expensive items to cheaper alternatives.

Income Effect

The modification of income for someone or within an economy, and its subsequent impact on how much of a good or service is sought after.