Cloud Computing Can Potentially Generate Significant Cost Savings for an Organization

question 61

True/False

Cloud computing can potentially generate significant cost savings for an organization.

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Definitions:

Economic Downturn

a period of poor economic performance across a country or globally, characterized by reduced consumer spending, business investment, and employment.

Inferior Good

A type of good for which demand decreases as the income of consumers increases.

Perfect Substitutes

Identical products.

Complements

Goods or services that are consumed together because the use of one increases the value or demand for the other.