Network Effects Are Also Known as _____ Law

question 49

Short Answer

Network effects are also known as _____ Law.

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Definitions:

Referential Influence

The impact that the opinion of others has on an individual's choice or behavior, typically within a social context.

Informational Influence

The effect that the knowledge, opinions, or behaviors of others can have on one’s own responses, often leading to conformity due to the desire to be correct.

Expert Power

Expert Power is the ability to influence others' attitudes or behaviors based on the perception of one's knowledge, expertise, or experience in a specific area.

Information Power

The influence or control over others that is gained through access to or possession of information.