Suppose That a One-Way Network Leads to the Development of a Number

question 51

Multiple Choice

Suppose that a one-way network leads to the development of a number of new complementary products and services.This phenomenon is known as:

• A) a direct network externality.
• B) an indirect network externality.
• C) a reputation effect.
• D) lock-in.

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Definitions:

Pay-for-skills

A compensation strategy where employees are paid based on the variety and depth of skills they bring to their role, rather than their job title alone.

Pay-for Knowledge

A compensation strategy that rewards employees for acquiring and applying knowledge and skills pertinent to their job.

Gain-sharing

A compensation strategy that shares financial gains from improved performance or productivity with employees.

Group-oriented

A trait or approach emphasizing teamwork, collaboration, and prioritizing the goals and success of the group over individual achievements.