Which of the Following Is Used to Explain Why a Consumer's

question 1

Multiple Choice

Which of the following is used to explain why a consumer's willingness to buy Microsoft Office increases as the number of other people who use Microsoft Office increases?

• A)network externalities
• B)market failure
• C)diminishing marginal utility
• D)the income effect of a price change

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Definitions:

Followership Typologies

classifies the different ways individuals follow or support leaders, highlighting various modes of followership behaviour.

Submissive-compliant

A behavioral tendency to obey or yield to others without resistance, often seen in hierarchical or authoritative contexts.

Independent-assertive

Describes a personality style characterized by self-reliance and assertiveness in expressing one's opinions and needs.

Active-engaged

Being involved, committed, and energetically participating in a task or activity.