Software as a Service Allows Businesses to Subscribe to Web-Delivered

question 32

True/False

Software as a Service allows businesses to subscribe to Web-delivered business application software by paying a monthly service charge or a per-use fee.

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Definitions:

Barriers to Entry

Factors that make it difficult for new firms to enter an industry, such as high startup costs or strict regulations.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical.

Barriers to Entry

Obstacles that prevent new competitors from easily entering an industry or area of business.

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing them to compete on factors other than price.