What Product Characteristic Refers to the Situation Where Consumers Place

question 6

Multiple Choice

What product characteristic refers to the situation where consumers place higher value on a product if other consumers also use it?

• A)Value creation effect
• B)Product linkage
• C)Product externality
• D)Complementary effect
• E)Network effect

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Definitions:

Enzymes

Substances of biological origin that greatly enhance the speed of most chemical interactions happening in cellular environments.

Enzymatically Catalyzed

A process facilitated by enzymes to speed up chemical reactions in biological systems.

Inversely Proportional

A relationship between two variables where as one variable increases, the other decreases at a consistent rate, and vice versa.

Enzyme Concentration

The amount of enzyme present in a solution, which affects the rate of enzyme-catalyzed reactions.