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Packaged Software Evaluation • Explain in a short paragraph your understanding of Custom-developed Software Vs Packaged Software: • In general, which one do you prefer? State your reasons:

Understanding of Custom-developed Software Vs Packaged Software:
Custom software:
It is also known as tailor-made software. It is developed for specific organization and to cater their specific needs. Large companies use custom software for critical functions, including content management, inventory management, customer management, human resource management, Financial management, or otherwise to fill the gaps present in the existing software packages.Custom software development is often expensive compared to packaged software.
Examples of Custom Software: The best examples for Customs software are Bank ATM's (Bank of America, CITI Bank), Supermarket or Hypermaket, Shopping Malls (Like Harris teeter, Costco, Macys)
Packaged Software:
An application program which is sold to the general public with all that should be necessary for it to work properly. The advantage is that we don't have to write a program for every problem to be solved. Instead, we can use packaged or off-the-shelf programs that are designed for specific classes of applications.
Examples of Packaged Software: Microsoft (Contains word processor, Excel), Tally (Used in Accounting), Quick Books (Used in Accounting).
Reasons for Preference:
As an Individual or as a company I have discussed above that it again depends upon the usage.
But for me as an individual and school going student I will prefer Packaged software (Microsoft Office) as it is cheaper and readly available in the market to do my assignments and project will be easier by using Word Document, Excel, Power point and complete my task.
And also packaged sofware will be used by many students and if at all I need any help my peers will be

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