Information Systems Study Set 2

Computing

Quiz 8 :

Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

Quiz 8 :

Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

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Staying power refers to the:
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D

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Sure, network effects are valuable, but why? List the three sources of the value (cited in our textbook & in class) that fuel the competitive advantage of network effects.
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Exchange, Staying Power, Complementary Benefits

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One way firms seek to strengthen their platforms and encourage third parties to develop complementary goods is by offering ___________.
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APIs or Application Programming Interfaces

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Which of the following terms is used as an alternative to switching costs?
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Which of the following products or services is not subject to network effects?
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A firm can spend no money and time, yet expect to enhance its offerings, by:
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Every product or service subject to network effects fosters some kind of exchange.
True False
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Metcalfe's Law is also known as:
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Network effects do not influence all consumer products or services.
True False
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Which of the following factors represents one of the sources of value derived from network effects?
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Many firms attempt to enhance their network effects by creating a platform for the development of third-party products and services that enhance the primary offering.
True False
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The higher the value of a user's overall investment, the more they are likely to consider the staying power of any offering before choosing to adopt it.
True False
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_____ are products or services that add additional value to the primary product or service that makes up a network.
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Staying power is important for consumers of technology products because investment over time usually greatly exceeds the initial price paid for a product or service
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Network effects are also known as _____ Law or Network ____________.
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In the absence of network effects, the value of a product or service increases as the number of users grows.
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Windows OS, the iPhone, the Wii, and Facebook's application programming interfaces allow for the development and integration of complementary goods by third parties. Based on this evidence, all these products or services are said to be _____.
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In the context of network effects, the term "network" refers to either wired or wireless systems that connect computing components.
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High switching costs serve to weaken the value of network effects as a value asset.
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_____ are products and services that allow for the development and integration of complementary goods.
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