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professor190 [17]
2 years ago
15

Which describes the "Network Effect?"

Computers and Technology
1 answer:
Lorico [155]2 years ago
4 0

The statement which best describes the network effect is a platform becomes more useful as more people join and use it.

<h3>What is "Network Effect?"</h3>

Network effect is the theory which tells that when the number of person increases in a network, then the value of the product or service in that network is also increases.

Key points of network effect are listed below:

  • In the network effect the value of product or service of a network increases when the more people join and use it.
  • Network effect is well utilized by e-commerce companies by promoting their business through the customers.
  • The best example of network effect sides are social media sites.

Thus, the statement which best describes the network effect is a platform becomes more useful as more people join and use it.

Learn more about the network effect here;

brainly.com/question/26199042

#SPJ1

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