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:

Change Plan

A strategy or roadmap designed to guide an individual or organization from a current state to a desired future state.

Measurable Goals

Targets or objectives set in a specific, quantifiable, and time-bound manner, allowing for the tracking of progress and achievement.

Time Frame

A period of time during which certain events occur or conditions apply; it may refer to past, present, or future durations.

Collaborative Change Plan

A client-centered approach used in therapy where therapist and client work together to develop strategies for change.