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inysia [295]
3 years ago
14

A small company has developed a specialized software product that it configures especially for each customer. New customers usua

lly have specific requirements to be incorporated into their system, and they pay for these to be developed and integrated with the product. The software company has an opportunity to bid for a new contract, which would more than double its customer base. The new customer wishes to have some involvement in the configuration of the system. Explain why, in these circumstances, it might be a good idea for the company owning the software to make it open source
Business
1 answer:
galben [10]3 years ago
8 0

Answer:

It might be a good idea for the company to make the software open source because it will lead to reduction of cost of production and the effort that goes into it. The task of customizing the software for each individual customers raises development cost and is a tough task to accomplish.

In term of making the software an open source, the source code will be provided to the customer and they themselves can make the desired changes in the software. This will considerably reduce their prices and also expand their market in the areas of companies with lower budgets.

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Van has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and
creativ13 [48]

Answer:

Money is served three purposes- unit of account, store of value and medium of exchange

Explanation:

In this question, we are to identify the role money plays in each of the following parts of the story.

Money is used to measure the valueof good in money unit, so the values can be compared easily.

In the first case, Van is comparing between value of goods. the money serves as unit of account.

Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.

In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.

Money also has store of value, it can be saved and exchanged for goods over time.

In third case, Van is saving money for future exchange, money is serving its store of value function.

3 0
3 years ago
Shen has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Valerie,
iren [92.7K]

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.

Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.

In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

7 0
3 years ago
signed a contract to work for Acme Global. The contract described the terms of her employment, including her pay and benefits. A
Tems11 [23]

Answer:

Express.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.

An express contract can be defined as a type of contract in which the terms binding on the two parties are either explicitly stated in writing or orally, or a combination of both.

In this scenario, Angelica signed a contract to work for Acme Global. The contract described the terms of her employment, including her pay and benefits. Thus, Angelica signed an express contract because the exchange of promise is stated explicitly in writing and it's a legally binding agreement on the two parties (employer and the employee).

4 0
2 years ago
Mainline Ltd. is a landline telephone manufacturer whose average return on invested capital is approximately 2 percent. Because
yan [13]

Answer:

competitive advantage                    

Explanation:

In industry, the quality that helps a company to surpass its rivals, is called its competitive advantage. A competitive advantage might include availability of resources, like higher-grade ores as well as small-cost energy sources, highly qualified workers, geographical position, high entry hurdles and access to better technologies.

When it comes to explaining competitive edge, the value proposition is essential. When the value proposition is successful, that is, when the value concept provides higher and more consistent value to consumers, it can yield a significant advantage either in the good or service. The value proposition will rising the perceptions and preferences of the customers.

4 0
3 years ago
The waxy substance that helps plants retain water is called _____. cuticle stomata anther epigynous
Nikitich [7]
The correct answer is "cuticle." The waxy substance that helps plants retain water is called cuticle. A cuticle is the protecting film covering. It consists of lipid and hydrocarbon polymers that is impregnated with wax. It is synthesize by the epidermal cells.
7 0
3 years ago
Read 2 more answers
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