Why Do Companies Consider Cost Saving as a Major Advantage

question 74

Essay

Why do companies consider cost saving as a major advantage of grid computing?

Distinguish between assets, liabilities, and equity within the context of the accounting equation.

Identify the primary financial statements and their roles in financial analysis.

Assess the role of financial management in preventing business failure.

Understand the use of financial ratios and industry benchmarks for business analysis.

---

Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services for profit.

Factor Market

The marketplace where services of the factors of production (notably land, labor, capital) are bought and sold.

Resources Exchanged

The process through which different types of resources, including goods, services, information, and money, are traded or swapped among individuals, businesses, or countries.

Input Markets

Markets where firms buy resources, goods, and services that they need in order to produce outputs that will be sold in output markets.