Which of the following is the best example of an attempt to create network effects?
A)A fashion apparel outlet introduces a loyalty program for its customers.
B)A retailer provides discounts on bulk purchases.
C)A kitchenware manufacturer introduces a differentiated range of products.
D)A telecom service provider introduces a family plan that provides free calls within the family.

Question

Quizplus · Accepted Answer

The telecom service provider introducing a family plan that provides free calls within the family is the best example of an attempt to create network effects. This plan incentivizes families to use the same telecom provider, which creates a network effect by increasing the value of the provider's service as more people from the same family use it.

Which of the Following Is the Best Example of an Attempt