A company wants a cost-effective option when running its applications in an Amazon EC2 instance...

Spot Instances provide a cost-effective option for running Amazon EC2 instances for workloads that can tolerate interruptions. They allow you to use unused EC2 capacity in the AWS Cloud at a discounted price, making them suitable for applications that are flexible in terms of start and stop times. On-Demand Instances are more expensive and do not provide discounts for short-term, interruptible workloads, while Reserved and Dedicated Instances are for long-term or specific hardware needs.