Graded QuestionMaidwale is an example of ___________ network effect.Cross-side network effectNo network effectSame-side network effectPositive same-side network effect
Question
Graded QuestionMaidwale is an example of ___________ network effect.Cross-side network effectNo network effectSame-side network effectPositive same-side network effect
Solution
Maidwale is an example of a Cross-side network effect.
Here's why:
A cross-side network effect occurs when the increase in usage of a product or service by one group of users increases the value of a complementary product or service for a different group of users.
In the case of Maidwale, it's a platform that connects two different groups of users: those who are looking for maid services and those who provide maid services. The more people who are looking for maid services join the platform, the more valuable the platform becomes for maids looking for work. Conversely, the more maids join the platform, the more valuable the platform becomes for those looking for maid services. This is a classic example of a cross-side network effect.
Similar Questions
Question 8What are DIRECT network effects? 1 pointThis is also called same-side network effect and arise where the presence of an additional customer on one side of the market affects the value to users on the same side of the market. An example is online gamers who benefit from participation of other gamers.Network effect that arises where an additional participation on one-side of the market affects the value to users on the other side of the market. For instance, more merchants accepting Amex increases the value for Amex card holders.
Can network effects be both positive and negative? 1 pointYesNo
5.Question 5There are several types of network effect - direct and indirect, which one is most relevant on the consumer side in a mobile network?1 pointIndirect network effectsDirect network effects or same-side network effect
Ola, the cab service provider, is an example of __________ network effects. Answer Options Select any one option Clear Answer Positive same-side Negative same-side Cross-side Same-side
What name is given to when the signal that is transmitted on one copper wire or pair of wires creates an undesired effect on another wire or pair of wires? Choose one.Answer instructionsInterferenceAttenuationCrosstalk
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.