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What Is It Called When a Business Provides Enabling Technologies

question 117

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What is it called when a business provides enabling technologies to their customers so that they are able to create, modify, and oversee the development of a product or service?


Definitions:

Asset's Market Value

The current price at which an asset can be bought or sold in a marketplace, reflecting the value assigned to it by the market participants.

Cash Received

The amount of money received by a business or individual in a given period.

Historical Cost

The original monetary value of an asset or investment at the time of its purchase or acquisition.

Financial Position

The financial position of a company or individual refers to their economic status and health, determined by assessing assets, liabilities, and equity at a given point in time.

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