According to the Real World Case, Which of the Following

question 119

Multiple Choice

According to the Real World Case, which of the following is a problem with SaaS?

• A) SaaS is open-source software.
• B) GE owns the software and is responsible for making it work daily.
• C) GE does not own the software, it's on lease. If the vendor goes bankrupt, everything shuts down.
• D) SaaS refuses to license its software to GE.

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Definitions:

Equilibrium Quantity

The amount of products or services available and sought after at the equilibrium price, where the quantity supplied matches the quantity demanded.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers.

Transaction Costs

Expenses incurred when buying or selling goods or services, including fees, charges, and other costs associated with the transfer of assets.

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.