Explain the Costs Involved in Data Creation

question 103

Essay

Explain the costs involved in data creation.

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Definitions:

Electronic Purchase

The process of buying goods or services over the internet through various digital platforms.

Acceptance

An agreement to the terms of an offer, thereby creating a binding contract.

Option

In finance, a contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.

Revoking

The action of withdrawing, canceling, or annulling something previously granted, such as a privilege, right, or contract.