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Identify and Explain at Least 3 Benefits of a Company

question 43

Essay

Identify and explain at least 3 benefits of a company implementing a cloud computing technology solution.


Definitions:

Output

The total amount of goods and services produced by an economy or a production process over a certain period of time.

Marginal Cost

The cost of producing one additional unit of a product or service, which varies depending on the level of production.

Marginal Revenue

The boost in income derived from selling an extra unit of a good or service.

Maximizing Profits

The goal of increasing a company's earnings to the highest possible level through various strategies and operational improvements.

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