Amazon Elastic Compute Cloud,known as EC2,eliminates the Need to Invest

question 20

Multiple Choice

Amazon Elastic Compute Cloud,known as EC2,eliminates the need to invest in hardware up front,so companies can develop and deploy applications faster.EC2 reduces the time it takes to acquire server space from ________.

• A)weeks to minutes
• B)weeks to days
• C)months to weeks
• D)months to days

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Definitions:

Segmentation

The process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.

Distinct Customer Groups

Segments of the market differentiated by specific needs, characteristics, or behaviors, requiring tailored marketing strategies.

GE/McKinsey Portfolio

A strategic tool used for managing a business's portfolio of products or business units, plotting them on a grid to decide where to invest or disinvest.

Segment Attractiveness

Segment attractiveness refers to the degree to which a specific market segment is considered desirable to enter or compete in, based on factors like size, growth potential, and profitability.