Cost analysis is an essential to doactivity. It will help thea company canto save money. Dirt Bikes wants to see if they should go with the renting hosted software or purchasing software. The rentingRenting hosted software was the lowest-price for Dirt Bikes to use. The other factorsfactor that Dirt Bikes must consider ifis whether they have to use their resources. Also, to see ifwhether Dirt Bikes can afford to purchase or rent. Dirt Bikes needs the cost analysis to pick, whetherin order to rent or buy the softwaremake this choice.
The rentRenting hosted software for the total 3-year cost is the lowest price thanin comparison to purchasing the software. The total cost of ownership is costlyexpensive for Dirt Bikes and doesn’t meet their requirementrequirements. Dirt Bikes can do less managesLess management is also required with the renting hosted software than Dirt Bikes owning it. The others factor that Dirt Bikes must consider is using their resources. If Dirt Bikes uses their resources, that is more money coming out of Dirt Bikesexpenditure. Dirt Bikes must think ifconsider whether they can afford the rentingto rent or purchasingpurchase. With theeither purchasing or renting, they are usingwill be paying annually for utility computing, annual. They will also need to look at it and see ifconsider whether they can afford thatthe yearly subscription basis.
In the final analysis, choosing between the two software options, Dirt Bikes should do a cost analysis. Dirt Bikes has a set requirement, and the renting the hosted software meetmeets those requirements. TheOne critical factors arefactor is the resources that Dirt Bikes may have to use. The other one is to see ifconsider whether Dirt Bikes can afford the utility. By doingDoing a cost analysis on the two software, this can help Dirt Bikes pick thethe most appropriate software and save money.