COGNITIVE ASSESSMENT Your Business Is Looking to Rely on Cloud

question 68

Multiple Choice

COGNITIVE ASSESSMENT Your business is looking to rely on cloud computing services to make data available to its developers to incorporate in applications. What is the term for this?

• A) Infrastructure as a Service
• B) Software as a Service
• C) Data as a Service
• D) Platform as a Service

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Definitions:

Pricing Strategy

A plan or approach a company uses to set the prices for its products or services, aiming to balance competitiveness with profitability.

Product's Life Cycle Stage

The phase that a product goes through during its market life, including introduction, growth, maturity, and decline, affecting marketing strategy and profitability.

Mature Product

A product that has reached a high level of market penetration and stability, with slow growth or decline in sales.

Experience Curve

A concept in business that describes how production costs decrease as a company gains experience and increases output.