If a Company Doesn't Want to Write Any Computer Code

question 1

Multiple Choice

If a company doesn't want to write any computer code, it would choose to ________.

• A) custom-write an entire application
• B) customize a prewritten application
• C) outsource the application
• D) use a prewritten application

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Definitions:

Supply Elasticity

Measures how the quantity supplied of a good responds to a change in the price of that good.

Market Supply Curve

A graphical representation of the quantity of goods and services that suppliers are willing and able to sell at various prices during a given period.

Complements

Goods or services that are used together, where the demand for one is increased when the price of the other decreases.