What Advice Would You Give to a Firm That Wants

question 26

Multiple Choice

What advice would you give to a firm that wants to exploit network effects?

• A) Charge heavy license fee for new technology.
• B) Refrain from using technical standards.
• C) Create incentives for other firms to develop complementary products.
• D) Do not use aggressive marketing strategies for killer applications.
• E) Increase switching costs.

---

Definitions:

Writing Process

A series of actions or steps taken to produce a finished piece of writing, typically including prewriting, drafting, revising, editing, and publishing.

Field Research

The collection of raw data outside a laboratory, library, or workplace setting, often directly from the source or natural environment.

Website Experience

The overall perception and interaction a user has with a website, including its usability, design, and content.

Experiment Stages

The sequential phases in conducting a scientific experiment, typically including hypothesis, experimentation, observation, and conclusion.