In Business, Cloud Computing Is Often Referred to as Software

question 55

True/False

In business, cloud computing is often referred to as Software as a Service (SaaS), and the vendors that provide the software are application service providers.

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Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of input.

Marginal Product

The extra output generated from increasing a particular input by one unit while keeping all other inputs unchanged.

Output

The total amount of goods or services produced by a firm or economy over a specific period of time.

Derived Demand

The demand for a factor of production or intermediate good resulting from the demand for another good or service, such as the demand for steel being driven by the demand for automobiles.