What Is Software-As-A-Service (SaaS)

question 81

Multiple Choice

What is Software-as-a-service (SaaS) ?

• A) A type of intelligent bot
• B) A company who specializes in software development
• C) Software that you pay for its use; the more often you use it the more often you pay
• D) Software that performs some service for you; for instance; locating information on the Internet

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Definitions:

Break-even

The point at which total cost and total revenue are equal, resulting in no net loss or gain.

Variable Costs

Expenses that change in proportion to the level of production or business activity.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance.

Contribution Margin

The sales price minus the variable costs of a product, indicating how much selling one more unit adds to profit.