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 Deploying the application in multiple Availability Zones is the best way to ensure high availability for the application. Availability Zones are isolated locations within an AWS Region that are engineered to be fault-tolerant from failures in other Availability Zones. By deploying the application in multiple Availability Zones, the company can reduce the impact of outages and increase the resilience of the application. Deploying the application in a single Availability Zone, on AWS Direct Connect, or on Reserved Instances does not provide the same level of high availability as deploying the application in multiple Availability Zones. Source: Availability Zones

Reserved Instances are a pricing model that offers significant discounts on Amazon EC2 usage compared to On-Demand Instances. Reserved Instances are suitable for stateful workloads that have predictable and consistent usage patterns for a long-term period. By committing to a one-year or three-year term, customers can reduce their total cost of ownership and optimize their cloud spend. Reserved Instances also provide capacity reservation, ensuring that customers have access to the EC2 instances they need when they need them. References: AWS Pricing Calculator, Amazon EC2 Pricing, [AWS Cloud Practitioner Essentials: Module 3 - Compute in the Cloud]

Spot Instances are Amazon EC2 instances that are available at a discounted price compared to On-Demand pricing. Spot Instances use spare EC2 capacity that is not being used by other customers, and the price fluctuates based on supply and demand. Customers can request Spot Instances for their applications and specify the maximum price they are willing to pay per hour. If the Spot price is lower than the customer’s bid, the Spot Instance is launched and the customer pays the current Spot price. However, if the Spot price rises above the customer’s bid, the Spot Instance is terminated by AWS and the customer is charged for the partial hour of usage. Therefore, Spot Instances can provide discounts of up to 90% or more, but they are not suitable for applications that require continuous or predictable availability. Spot Instances arerecommended for applications that are flexible, fault-tolerant, or have low priority, such as batch processing, data analysis, or testing and development. 

Amazon S3 Glacier Deep Archive is the lowest-cost storage class in the cloud. It is designed for long-term data archiving that is rarely accessed. It offers a retrieval time of 12 hours and a durability of 99.999999999% (11 9’s). It is ideal for data that must be retained for 7 years or longer to meet regulatory compliance requirements.