When Two or More Companies Are Competing with Each Other

question 18

True/False

When two or more companies are competing with each other to get their technology adopted as a standard in an industry, and when network effects and positive feedback loops are important, the company that wins the format war will be the one whose strategy best exploits positive feedback loops.

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Definitions:

Equivalent Ratio

A proportional relationship between two quantities showing how many times one value contains or is contained within the other.

Ratio

A ratio is a quantitative relationship between two numbers showing the number of times one value contains or is contained within the other.

Ratio

A ratio represents a quantitative relationship between two or more numbers, showing how many times one value contains or is contained within the other.

Ratio

A mathematical term describing the quantitative relation between two amounts, showing the number of times one value contains or is contained within the other.