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Design Thinking for Data-Driven App Development · Quiz 2 · 2 Apr 2023 · January 2023 term · Set QPE3

Question 40: What is the phenomenon known as the Network Effect, as m…

Question 40

+1 markOne correct option

What is the phenomenon known as the Network Effect, as mentioned by Mr. Bharath Visweswariah, in relation to startups and businesses?

  1. A

    A phenomenon that limits new businesses from acquiring new users who livein far-fetched areas.

  2. B

    A phenomenon whereby increased numbers of people or participants improvethe value of a good or service.

  3. C

    A phenomenon that only benefits websites like Facebook and Twitter.

  4. D

    A phenomenon that has no impact on investors' decisions to invest incompanies.

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Correct answer

  • B

    A phenomenon whereby increased numbers of people or participants improvethe value of a good or service.

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Question 40 of 45 in the IIT Madras BS Design Thinking for Data-Driven App Development (Design Thinking) Quiz 2 paper sat on 2 Apr 2023, in the January 2023 term (IIT M DEGREE AN3 EXAM QPE3 02 Apr 2023). It carries 1 mark.

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