________ Refers to Storing Data, Files, and Applications on the Web

question 17

Short Answer

________ refers to storing data, files, and applications on the web and being able to access and manipulate these files and applications from any Internet-connected device.

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Definitions:

Contribution Margin

Contribution margin is the amount by which a product's sales revenue exceeds its variable costs, indicating the contribution of sales towards fixed costs and profits.

Break-even Point

The financial point at which total revenue equals total costs, resulting in zero net profit or loss.

Break-even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue.

Cost-volume-profit Analysis

A financial analysis tool that helps in determining the effect of changes in costs and volume on a company's profit.