Network effects refer to the ________.
A) increased value of a product or service resulting simply because there are more people using it
B) process of selling a product or service through well established networks and consumer chains
C) value obtained from providing fine services to a complex product or service
D) increased value attached with a product or service that can be used for networking purposes

Question

Quizplus · Accepted Answer

Network effects refer to the increased value of a product or service resulting simply because there are more people using it. This can be seen in social media platforms like Facebook, where the more people who use it, the more valuable it becomes for users and advertisers.

Network Effects Refer to the ________