information

(redirected from universal server)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

information

knowledge possessed by persons and firms about products, customers, suppliers, prices, delivery terms, etc. Information has an economic value when it is scarce and is not available to all potential parties to a TRANSACTION or CONTRACT. Firms spend large amounts of money on product and process research and development and on market research and other forms of data-gathering in order to try to gain information to reduce UNCERTAINTY.

However, firms need to balance the costs of gathering information against the value of additional information to them. See MARKETING RESEARCH, DATA PROCESSING, INFORMATION MANAGEMENT.

information

knowledge possessed by persons and firms about products, customers, suppliers, prices, delivery terms, etc. Information has an economic value when it is scarce and is not available to all potential parties to a TRANSACTION. For example, if information is not widely available to all parties to a CONTRACT, then one party to the contract can use his or her superior knowledge to his or her advantage at the expense of other parties to the contract (see ASYMMETRY OF INFORMATION, ADVERSE SELECTION).

Firms spend large amounts of money on product and process research and development and on market research and other forms of data-gathering in order to try to gain information to reduce UNCERTAINTY. However, firms need to balance the costs of gathering information against the value of additional information to them.

References in periodicals archive ?
PGP Universal Server, available worldwide through PGP Corporation and approved resellers, includes support for BlackBerry as part of standard pricing.
We describe Virtuoso as a universal server because it's a single product that includes Unified Storage (SQL, XML, Free Text, and File-system Objects), Heterogeneous Data Integration, Web Services Composition, Web Services Orchestration, and more.
PGP Universal Server is the foundation on which we will build this future.
With our Helix Universal Server, educators are able to deliver all of the popular digital media formats on a wide range of operating systems and to an ever-growing variety of devices.

Full browser ?