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:

Modeling Effect

A phenomenon in which individuals learn behaviors by observing and imitating the actions of others, often role models or influential figures.

Observing

The act of closely watching or monitoring something or someone for the purpose of gaining information.

Similar Problems

Issues or challenges that share common characteristics or aspects with others, allowing for comparative analysis or solutions.

Organizational Strategies

Plans and actions implemented to achieve specific goals within an organization or system.