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The Greatest Strategic Advantage of Cloud Computing Solutions Is That

question 28

True/False

The greatest strategic advantage of cloud computing solutions is that they are typically more secure than traditional software apps.


Definitions:

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income, holding all other factors constant.

Normal Good

A good for which a rise in income increases the demand for that good—the “normal” case.

Total Revenue

The total income received by a firm from selling its goods or services, calculated as the unit price times the quantity sold.

Elastic Demand

A situation where the demand for a product changes significantly in response to changes in its price.

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