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Exercises · Q9

Q.Distinguish between Readymade, Customised and Tailor-made accounting software.

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BasisReadymadeCustomisedTailor-made
How obtainedBought off-the-shelf, as-isReadymade package, then modifiedBuilt from scratch for one organisation
CostLowestModerateHighest
Time to start usingImmediateSome development time neededLongest development time
Fit to specific needsGeneral/standardPartial — some specific needs metExact fit to that organisation
Suited toSmall businesses with standard needsMedium/large businesses with a few special needsLarge organisations with unique requirements

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