The Various Strategies That Companies Should Adopt to Win Format

question 12

Multiple Choice

The various strategies that companies should adopt to win format wars revolve around

• A) getting the federal government to intercede.
• B) making network effects work in their favor and against their competitors.
• C) effective use of advertising.
• D) driving competitors out of business.
• E) joint ventures.

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Definitions:

Electric Bill

A monthly statement charging an individual or household for the consumption of electricity provided by a utility company.

Cappuccinos

A coffee drink made with equal parts espresso, steamed milk, and milk foam.

Textbooks

Books that are used as standard works for the study of a particular subject.

Ride-Sharing Program

A service that allows individuals to book rides in private vehicles, often facilitated by a mobile app, to share costs and reduce the number of cars on the road.