The Greatest Strategic Advantage of Cloud Computing Solutions Is That

question 83

True/False

The greatest strategic advantage of cloud computing solutions is that they increase an organization's agility and ability to quickly implement IT for competitive advantage.

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Definitions:

Specialize

To focus on a specific area of production or study to gain efficiency or expertise.

Gains from Trade

The increase in welfare or economic benefit that countries or individuals obtain by engaging in voluntary exchanges where they specialize according to their comparative advantages.

Equilibrium

A state in a market where supply equals demand, leading to a stable situation where there is no tendency for prices to change, assuming other factors remain constant.

Scarcity

The fundamental economic problem of having limited resources to meet unlimited wants and needs.