Which of the Following Is Used to Explain Why a Consumer's

question 1

Multiple Choice

Which of the following is used to explain why a consumer's willingness to buy Microsoft Office increases as the number of other people who use Microsoft Office increases?

• A)network externalities
• B)market failure
• C)diminishing marginal utility
• D)the income effect of a price change

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Definitions:

Courteous Business Messages

Communication in business that is polite, respectful, and considers the feelings and positions of the receivers.

Effective Communicators

Individuals who are skilled at conveying information, ideas, or feelings in a way that others can understand, respond to, and engage with meaningfully.

Feedback

Information provided as a response to an action, performance, or process, intended for improvement or development purposes.

Compose

To create or write a piece of work, such as a letter, article, music composition, or document.