NextDoor Is an Instant Messaging Application for Smartphones

question 81

Multiple Choice

NextDoor is an instant messaging application for smartphones.New smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications.Hence,it has the largest user base in the industry.Thus,NextDoor app's value has increased primarily due to its

• A) learning curve effects.
• B) economies of scale.
• C) economies of scope.
• D) network effects.

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Definitions:

Persuasive Speaking

The skill of using rhetoric effectively to convince or influence others to adopt a particular viewpoint or take action.

Open Book Management

A business strategy where a company shares financial and performance data with all employees to involve them more in operations.

IT Company

A business enterprise that specializes in delivering technology-related services and solutions, including software development, IT consultancy, and hardware installation.

Regular Basis

Occurring frequently or at evenly spaced intervals over time.