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Caroline Mumbi
on Oct 27, 2024

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A ______ effect is said to exist when the value of a product or service increases the more people use it.

A) social
B) platform
C) network
D) connectivity

Network Effect

The network effect is a phenomenon whereby a product, service, or platform increases in value to its users as the number of users expands, commonly seen in telecommunications and social media networks.

Product Or Service

is any good or service offered by a business to consumers to satisfy a need or want.

  • Explain the parameters and reasoning underlying news media and social media.
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Suitin ZathangNov 02, 2024
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