Organizations Use Combinations of These IT Strategies-In-House,onshore,or Domestic Sourcing,offshoring,cloud Computing,and

question 118

True/False

Organizations use combinations of these IT strategies-in-house,onshore,or domestic sourcing,offshoring,cloud computing,and SaaS.

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Definitions:

Residual Reward

The reward or profit remaining after all the costs have been deducted.

Business Decision Makers

Individuals or groups within an organization responsible for analyzing situations and making choices that affect the organization's direction and success.

Resources

Assets, materials, and inputs needed for the production of goods and services, including human resources, natural resources, and capital resources.

Price-Taker Firm

A price-taker firm is a business that accepts the market price set by the forces of supply and demand, lacking sufficient power to influence the price on its own.