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Many High-Technology Industries Are Characterized by Network Externalities

question 47

Essay

Many high-technology industries are characterized by network externalities. What are those externalities and how can they pay off?


Definitions:

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Specifying

The process of identifying and detailing exact requirements or features.

Planning

The process of setting objectives, determining strategies to achieve those objectives, and developing plans to integrate and coordinate activities.

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