Which of the Following Statements Regarding In-House-Developed Programs Is True

question 43

Multiple Choice

Which of the following statements regarding in-house-developed programs is true?

• A)In-house-developed programs are often better than commercial off-the-shelf programs.
• B)In-house-developed programs are often cheaper than commercial off-the-shelf programs.
• C)In-house-developed programs often have less strategic alignment issues than commercial off-the-shelf programs.
• D)In-house-developed programs are often chosen over commercial off-the-shelf programs.

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Definitions:

Third-degree Price Discrimination

A pricing strategy where a firm charges different prices to different groups of consumers for the same product, based on their willingness to pay.

Tennis Lessons

Instruction or training sessions focused on improving a person's skills and understanding of the game of tennis, offered by professionals or experienced players.

Producer Surplus

The discrepancy between the amount sellers are prepared to take for a product or service and the actual payment they get.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual market price they pay.