adplus-dvertising
frame-decoration

Question

What is the purpose of the Cloud Service Contracting phase in the cloud service lifecycle?

a.

To determine the backend architecture for usage measurement

b.

To define the customization options for cloud service pricing

c.

To negotiate rates based on usage cost metrics

d.

To implement billing management system mechanisms

Posted under Cloud Computing

Answer: (c).To negotiate rates based on usage cost metrics Explanation:The Cloud Service Contracting phase involves negotiations between the cloud consumer and cloud provider to reach a mutual agreement on rates based on usage cost metrics.

Engage with the Community - Add Your Comment

Confused About the Answer? Ask for Details Here.

Know the Explanation? Add it Here.

Q. What is the purpose of the Cloud Service Contracting phase in the cloud service lifecycle?

Similar Questions

Discover Related MCQs

Q. During which phase of the cloud service lifecycle are the pricing models for a cloud service offered to potential customers?

Q. What happens during the Cloud Service Operation phase of the cloud service lifecycle?

Q. What might cloud providers do on behalf of cloud consumers during the cloud service lifecycle?

Q. What factors can influence the pricing models used by cloud providers?

Q. What do price templates define in the context of cloud service pricing models?

Q. In which cloud delivery model is pricing typically based on factors such as network data transferred, virtual servers, and allocated storage capacity?

Q. What does the pricing model for the SaaS (Software as a Service) delivery model primarily consider when determining pricing?

Q. In what scenario might a cloud service be built upon IT resources provisioned from another cloud provider?

Q. What is the typical frequency for measuring the on-demand storage space allocation metric in cloud storage pricing?

Q. What is the primary factor used to determine volume discounts in cloud pricing models?

Q. Which cost management phase involves negotiations between the cloud consumer and cloud provider to reach mutual agreement on rates based on usage cost metrics?

Q. What are some factors that can influence the pricing models used by cloud providers?

Q. Which cloud delivery model typically defines pricing for network data transferred, virtual servers, and storage, with prices varying based on factors like software configurations and licensing fees?

Q. What payment options are commonly available to cloud consumers for managing their cloud usage bills?

Q. Which phase of cost management involves tracking historical billing information to generate insightful reports for identifying usage and financial trends?

Q. What is one of the key considerations for negotiating cloud provider pricing?

Q. How can cloud consumers often execute price negotiations with cloud providers?

Q. What are the two common payment options available to cloud consumers for managing their cloud usage bills?