Cost Advantages Associated with Large Size Operations Are Called Economies

question 30

True/False

Cost advantages associated with large size operations are called economies of scale.

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Definitions:

Grid Computing

A technology that applies the unused processing resources of many geographically dispersed computers in a network to form a virtual supercomputer.

Cloud Computing

Internet-based computing that provides shared processing resources and data to computers and other devices on demand.

Broad Network

A broad network typically refers to a wide-reaching network infrastructure that connects multiple devices, systems, or regions, facilitating communication and data exchange.

Virtualization

The process of creating a virtual version of something, such as a hardware platform, operating system, storage device, or network resources.