The phenomena in which the total value of a product, service, or technology grows as more and more people use it is called:
A) scalability
B) viral marketing
C) the network effect
D) first-mover advantage

Question

Quizplus · Accepted Answer

The network effect describes the phenomenon where a product, service, or technology becomes more valuable as more people use it, because its increased user base improves utility or desirability for all users.

The Phenomena in Which the Total Value of a Product