Discuss the Reasons Why Software Is More Costly Than Hardware

question 35

Short Answer

Discuss the reasons why software is more costly than hardware in today's information systems.

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Definitions:

Acquisition

The process of one company purchasing most or all of another company's shares to gain control of that company.

Assumes Obligations

The act of taking on responsibilities, duties, or commitments, often legally or contractually.

Employee-Owned Corporation

A business structure where employees hold a significant portion of the company's shares, contributing to decision-making processes.

Multi-National

Corporations or companies that operate in multiple countries outside of their headquarters or origin country.