A Company Will Strive to Minimize

question 17

Multiple Choice

A company will strive to minimize

• A)transaction costs.
• B)costs of internal operations.
• C)total costs of transactions and internal operations combined.
• D)variable costs.

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Definitions:

Software License

An authorization that grants users the rights to use, distribute, or modify software under specified conditions.

Vertical Market Software

Software solutions tailored to meet the specific needs of a particular industry or sector, as opposed to general-purpose software that serves a wide range of industries.

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Software designed to provide a platform for other software. Examples include operating systems and utilities that manage computer resources.

Software Suite

A collection of separate application programs bundled together and designed to work closely as a cohesive unit.