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;
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Explanation:
Growth – Another important objective of business is to achieve growth. The growth should be in terms of increase in profit, revenue, capacity, number of employees and employee prosperity, etc.
Stability – Stability means continuity of business. An enterprise or business should achieve stability in terms of customer satisfaction, creditworthiness, employee satisfaction etc. A stable organization can easily handle changing dynamics of markets.
<span>C. out one level. i hope this helps</span>
B) which ice cream flavor do the most student prefer?
Answer:
D. Spreadsheets
Explanation:
While A also seems correct, a spreadsheet is best at collecting and organizing data. Databases would only store data while a spreadsheet would keep those records, as well as help calculate a budget or payroll.
