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tatyana61 [14]
3 years ago
13

In a market influenced by network effects, the winning product or service is often determined by its technical superiority, with

technically strong newcomers able to unseat the dominant incumbents.
Business
1 answer:
deff fn [24]3 years ago
6 0

Answer:

false

Explanation:

A network effect happens when a product or services increases its value because people are using it, e.g. [email protected] or [email protected]

But that doesn't mean that the technically superior product is the most commonly used. For example, [email protected] is the most popular communication app but there are several technically superior apps that are not as popular, e.g. Telegram or Signal.

[email protected]'s policies and the way they sell user information is widely known and has been investigated by law enforcement agencies, but its billions of users do not seem to care and neither does its CEO since its mere volume of users provide a huge advantage over potential competitors.

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3
iris [78.8K]

None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)

In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:

  • To belong to the same category or have the same function.
  • To be possible for the user to replace the first element using the alternative.

Based on this, let's analyze each of the options:

  • Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.

  • Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.

  • Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.

Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.

Learn more in

7 0
3 years ago
Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an economic _____ qui
monitta

Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an "economic recession".

<h3>What is economic recession?</h3>

The National Bureau of Economic Research (NBER) describes a recession as "a large fall in economic activity distributed across the economy, lasting more than a few months."

Some characteristics of economic recession are-

  • Recessions are marked drops in economic activity that can endure for several months or even years.
  • When a country's economy faces negative gross domestic product (GDP), growing unemployment, declining retail sales, and contraction income and manufacturing metrics over an extended period of time, experts declare a recession.
  • Recessions are regarded as an inevitable component of the economic cycle, or the predictable rhythm of expansion and recession in a country's economy.
  • The organisation bases its decision on a variety of variables, such as GDP, real income, employment, industrial production, and consumer spending.

To know more about economic recession, here

brainly.com/question/1417711

#SPJ4

8 0
2 years ago
1. How is GE changing its business strategy and business model? What is the role of information technology in GE’s business? 2.
NemiM [27]

Answer:

See explanation section.

Explanation:

Requirement 1

General Electric (GE) is always helping people with a variety of modern technology. Therefore, its main aim is to focus on technology that assists the world with a faster data collection medium. The company is converting its business towards technology. With the help of Jet engines and oil-refining material, it can generate electric power. The cloud-based software changed the whole company. Now, the company is monitoring only about technology to become a successful software servicing company.

Requirement 2

As the future of the world is getting modernized, General Electric company is focusing on software and the Internet of Things. GE is trying to take its customers base from traditional on-site manufacturing to digital software-based operations. The launch of sensor-generating data has revolutionized the success. Using cloud-based data make the company more productive and reliable. The overall thinking towards the future is superlative.

Requirement 3

General Electric company launched Predix in 2015 to accumulate data. The three decisions to use Predix are -

1. As Predix can operate on each cloud infrastructure, it can provide sensor and analyze the data quite quickly.

2. Since Predix is a high standard cloud-based protocol, it enables customers to join quickly to the mechanical market.

3. With the help of Predix, each customer can adjust the size and range of the current levels of use to understand their requirements.

Requirement 4

People like to use from all over the world, General Electric (GE) equipment. They also like to mix that equipment with other companies' equipment to produce a high-qualified machine. As people are using more GE equipment with others, it is discussing the customers to handle the GE related equipment for a permanent basis. Therefore, it is becoming a software company.

3 0
3 years ago
Petunia is a debtor. Her employer Quantum Investments, Inc., her ex-husband Rob, her alma mater State University, and Timely Cre
Fed [463]

Answer:

a. Petunia only

Explanation:

A petition for relief through an individual's repayment plan is a document filled out asking to pay off a debt by making small individual payments stretched out over a specific period of time, and can only be filled by the debtor and accepted by the creditors. Therefore it can only be filled out by Petunia.

4 0
3 years ago
Trusting others on the job can be dangerous
borishaifa [10]
Sometimes ? But some jobs involve trusting your co workers
6 0
3 years ago
Read 2 more answers
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