Once a Product Becomes Established, Network Externalities May Create ________

question 91

Multiple Choice

Once a product becomes established, network externalities may create ________ costs that make consumers reluctant to buy a new product with better technology.

• A)external
• B)implicit
• C)switching
• D)marginal

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Definitions:

Business Message

Communication conveyed by a business to its stakeholders, such as customers, employees, or partners, for various purposes.

Professional Reputation

The public perception of an individual's or organization's professional integrity and performance.

Water Conservation

The practice of using water efficiently to reduce unnecessary water usage and protect water resources for future generations.

Public Service Ad

An advertisement intended to promote public welfare by raising awareness of an issue, encouraging a change in behavior, or advocating for a cause.