Asked by
Caroline Mumbi
on Oct 27, 2024Verified
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.
Verified Answer
SZ
Learning Objectives
- Explain the parameters and reasoning underlying news media and social media.
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