Situations in Which the More Users of a Product There

question 145

Multiple Choice

Situations in which the more users of a product there are, the more useful the product becomes are called:

• A) network effects.
• B) monopolies.
• C) conglomerates.
• D) exclusive franchises.

---

Definitions:

Organizational Levels

The hierarchical layers within an organization, structured according to authority, responsibility, and communication flow.

Downward Communication

The transmission of messages from higher to lower levels in an organization.

Lower Level

Refers to a position or status that is considered to be of lesser importance or rank within a hierarchy or structure.

Network of Contacts

A group of acquaintances, professionals, and colleagues that an individual can consult, cooperate with, or seek favors from in professional matters.