Which of the Following Is Not True About Potential Benefits

question 21

Multiple Choice

Which of the following is not true about potential benefits to firms that create platforms?

• A) the potential to make their products and services more useful
• B) they can widen the reach of firms and products
• C) they can create switching costs
• D) they can enhance network effects
• E) all of the above are true

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Basket

A collection or group of items or financial assets that are considered as a single unit for purchase, sale, or analysis.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Purchasing Power

How much a single unit of money can purchase in terms of goods or services, indicating the currency's value.