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An Organization Plan on Purchasing a Custom Software Product Developed

question 147

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An organization plan on purchasing a custom software product developed by a small vendor to support its business model. Which unique consideration should be made part of the contractual agreement potential long-term risks associated with creating this dependency?


Definitions:

Customization

The process of modifying a product or service to meet the specific needs or preferences of an individual customer or market segment.

Digital Marketspace

An online environment where goods and services are exchanged through electronic transactions, expanding the reach beyond traditional physical marketplaces.

Online Consumers

Consumers engaging in the purchase of goods or services through the internet.

General Population

A term defining the total number of individuals or entities in a specified area or group, usually used in the context of demographic studies and marketing.

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