________ Is the Most Widely Utilized Service Model

question 36

Multiple Choice

________ is the most widely utilized service model.

• A) On-premise software
• B) IaaS
• C) PaaS
• D) SaaS

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The difference between what producers are willing and able to sell a good for and the actual price they receive, representing the benefit to sellers.

Opportunity Cost

The expense incurred by not choosing the second-best option in any decision-making process.

Higher Prices

An increase in the cost of goods or services in the market.