The various strategies that companies should adopt to win format wars revolve around:
A) getting the federal government to intercede.
B) making network effects work in their favor and against their competitors.
C) avoiding aggressive marketing and advertising strategies.
D) curbing the supply of complementary products.
E) charging high license fees.

Question

Quizplus · Accepted Answer

Making network effects work in their favor and against their competitors is the best strategy for winning format wars. This can be achieved by attracting a critical mass of users to their format, making it more valuable and difficult for competitors to compete. Companies can achieve this through offering incentives such as exclusive content, lower prices, or partnerships with other companies.

The Various Strategies That Companies Should Adopt to Win Format