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Economic conditions can influence the affordability and profitability of SaaS. Customers may cut back on their SaaS subscriptions, affecting the provider's revenue. Contraction Challenges: Economic
Economic conditions can influence the affordability and profitability of SaaS. Customers may cut back on their SaaS subscriptions, affecting the provider's revenue. "Contraction Challenges: Economic downturns, budget cuts, or changing needs can lead clients to downgrade, causing a sudden dip in anticipated revenue." (Levy, 2023)
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
