Question

Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff Corp, to obtain the proven technology required to establish this system. In the context of the costs of useful information, Innove Tech incurred _____
A) Processing cost
B) Retrieval cost
C) Acquisition cost
D) Storage cost

Answer 1

Answer:

(C) Acquisition cost

Explanation:

The correct word for the given statement is acquisition cost

So option (c) is correct option

Acquisition cost alludes to the in with no reservations cost to buy a benefit. These expenses incorporate delivery, deals charges, and customs expenses, just as the expenses of site planning, establishment, and testing.

When securing property, obtaining expenses can incorporate looking over, shutting charges, and taking care of liens.