________ occurs when a product provides more value to each customer when more overall customers own or use the product.
A) Network effect
B) Virtuous circle
C) Economy
D) Synergy

Question

Quizplus · Accepted Answer

The network effect occurs when a product becomes more valuable as more people use it. This is often seen with platforms or services that benefit from a large user base, such as social media sites or messaging apps. As more people join the platform, there are more opportunities for connections and interactions, increasing the overall value of the product for each user.

________ Occurs When a Product Provides More Value to Each