Final answer:
An upgrade is a new version of an existing program that is sold at a reduced price to owners of a previous version of the program.
Step-by-step explanation:
An upgrade is a new version of an existing program that is sold at a reduced price to owners of a previous version of the program.
This statement is True.
When a software developer releases an upgrade, it typically includes new features, bug fixes, and improvements to the previous version.
Owners of the previous version can take advantage of the reduced price to obtain the new version and benefit from its enhancements.