Which of the Following Statements Is True

question 96

Multiple Choice

Which of the following statements is true?

• A) Network effects arise because of economies of scale.
• B) Economies of scale arise because of network effects.
• C) Economies of scale act as barriers to entry into a market.
• D) Network effects provide incentives for new sellers to enter the market.

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Definitions:

Human Resources

The department within an organization that is responsible for hiring, training, managing, and retaining employees.

Markov Analysis

A statistical technique used to predict future states of a system based on its current state and known transition probabilities, often applied in workforce planning and decision making.

Talent Management

The ongoing process of identifying, hiring, developing, and retaining employees who are considered to be of high value to an organization.

High Potential

Individuals identified within an organization who have the ability, engagement, and aspiration to rise to and succeed in more senior, critical positions.