With the Help of Examples Explain How Firms Have Used

question 18

Essay

With the help of examples explain how firms have used the strategies of (i) alliances and partnerships, and (ii) leveraging distribution channels, for competing in markets where network effects are present.

---

Definitions:

Sense of Taste

One of the five traditional senses, enabling the perception of flavor in substances, primarily through the taste buds on the tongue.

Brainstem

The central trunk of the mammalian brain, connecting the brain to the spinal cord and controlling vital functions such as breathing and heart rate.

Thalamus

A brain structure that acts as a relay station for sensory information.

Tumor

A tumor is an abnormal growth of cells that can be benign (non-cancerous) or malignant (cancerous), potentially disrupting normal bodily functions.