The various strategies that companies should adopt to win format wars revolve around:
A)getting the federal goverrnnent to intercede.
B)making network effects work in their favor and against their competitors.
C)avoiding aggressive marketing and advertising strategies.
D)curbing the supply of complementary products.
E)charging high license fees.

Question

Quizplus · Accepted Answer

Making network effects work in their favor and against their competitors is the most effective strategy to win format wars. Companies can achieve this by building a large and loyal user base, creating switching costs for consumers, partnering with complementary product providers, and creating a strong ecosystem around their format. Federal government intervention, curbing supply, and charging high license fees are less effective strategies, and avoiding aggressive marketing and advertising is not a viable option in a competitive marketplace.

The Various Strategies That Companies Should Adopt to Win Format