The Goal of Finding Ways to Make Network Effects Work

question 57

Multiple Choice

The goal of finding ways to make network effects work in a company's favor and against competitors can be achieved by:

• A) taking the time to build a quality installed base for its standard after several tests and redesigns.
• B) making sure consumers remain hesitant to bear switching costs.
• C) focusing on a slow role out and moderating consumer demand.
• D) leveraging the positive feedback loop.
• E) relying on other industry members to establish a technological standard or format such that it becomes as quickly as possible as the industry standard.

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Definitions:

End

The conclusion or final point of something, where it ceases to continue.

Recognition

The ability to match a piece of information or a stimulus to a stored image or fact.

Recall

The act of retrieving information or facts from one's memory without having the information present for reference, differing in context as a duplicated term but synonymous with retrieving learned information.

Priming

The process by which exposure to a stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.