A Good Method to Determine Whether to Customize or Stay

question 7

True/False

A good method to determine whether to customize or stay with the vanilla version of software is to complete a needs assessment.

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Definitions:

Direct Ownership

A situation where an individual or entity has full control and claim over an asset or property, without any intermediaries.

Contract Manufacturing

The outsourcing of certain production activities to third-party companies, often to save costs or leverage specialized capabilities.

Joint Venture

An arrangement in which a domestic firm partners with a foreign company to create a new entity, thus allowing the domestic firm to enter the foreign company’s market.

Exporting

Selling domestically produced products to foreign markets.