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Likurg_2 [28]
2 years ago
14

Less popular open source products are not likely to attract the community of users and contributors necessary to help improve th

ese products over time. This situation reiterates the belief that _____ are a key to success.
Business
1 answer:
daser333 [38]2 years ago
6 0

Less popular open source products are not likely to attract the community of users and contributors necessary to help improve these products over time. This situation reiterates the belief that network effects are a key to success.

<h3>What are Network Effects?</h3>
  • The phenomenon known as the "network effect" describes how more individuals using a commodity or service results in a rise in value. An illustration of the network effect is the internet.
  • Since the internet was first only useful to the military and a small number of researchers, there weren't many users.
  • However, as more people had access to the internet, more material, information, and services were created by users.
  • More people were drawn to connect and transact business with one another as a result of website development and enhancement. A network effect resulted from the internet offering more value as traffic increased.

know more about Network effects

brainly.com/question/28059618

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calculate the following future value given the assumptions below: Assume an individual invests $250/mo for 30 years at an expect
xz_007 [3.2K]

According to the Question, We are given,

An individual invests $250/m for 30 years at an expected rate of return of 8 percent.

To Calculate the Future Value,

<h3><u>SOLUTION</u></h3>

Here, the deposits will be same every month, so it is an annuity. We will use the following future value of annuity formula:

FVA = P × ((1 + r)ⁿ  - 1 / r)

where, FVA is future value of annuity,

P is the periodical amount = $250,

r is the rate of interest = 8% pa,

so monthly rate = 8% / 12 = 0.67%

and n is the time period = 30 × 12 = 360 months

Now, putting these values in the above formula, we get,

FVA = $250 × ((1 + 0.6667%)360 - 1 / 0.6667%)

FVA = $250 × ((1 + 0.006667)360 - 1 / 0.006667)

FVA = $250 × ((1.006667)360 - 1 / 0.006667)

FVA = $250 × ((10.9357296578 - 1 / 0.006667)

FVA = $250 × (9.9357296578 / 0.006667)

FVA = $250 × 1490.28493442

FVA = $372571.23

So, future value is $372571.23

To know more about Future Value, check the given links.

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3 0
2 years ago
Benton Company is preparing its annual profit plan. As part of its analysis of the cost of its purchasing activity, management e
maksim [4K]
Hey will you please help me with my essay and I’ll get back to yours please ASAP
8 0
3 years ago
The basic difference between macroeconomics and microeconomics is:
I am Lyosha [343]

Answer:

The correct answer is option C.

Explanation:

Microeconomics is the branch of economics that studies the behavior of individual economic agents such as a single firm or a single consumer. For instance, it deals with variables such as demand for a single consumer or a supply from a single firm.  

Macroeconomics is that branch of economics that studies the entire economy as a whole. It deals with variables such as inflation, unemployment rate, etc.

3 0
3 years ago
Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
Doss [256]

Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

Learn more here:

brainly.com/question/3520708

7 0
3 years ago
Which of the following conditions may or will cause firms to exit an industry?
Ahat [919]

Answer:

If price is less than minimum average variable cost, resulting losses will cause firms to leave the industry.

5 0
3 years ago
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