By Providing Access to Useful Web APIs,organizations Extend Their Reach

question 36

True/False

By providing access to useful Web APIs,organizations extend their reach and build and strengthen customer relationships,providing a base for revenue-generating services.

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Definitions:

Economic Power

The ability of an entity or country to influence or control economic activities, including production, trade, and consumption.

Political Power

Political power is the capacity or ability of a political entity, such as a state or government, to control or influence the behavior of individuals and organizations within a society.

Natural Monopolies

Industries where a single firm can supply a good or service to an entire market at a lower cost than would be possible if there were multiple firms.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in costs per unit.