A firm that successfully leverages network effects canpush the industry into thegrowth stage.What is The network effect ?The network effectis aphenomenonwhereby increased numbers of people or participants improve the value of a good or service.Network outcomes. occur when a product or service's value rises together with itscustomer base.When they occur, network effects rank among the most significant factors in your decision to choose one good or service over another. More users equals more worth.By doing away with gatekeepers, they enable new sources of supply and value generation and scale moreeffectively.What are network effects?By expanding your client base,market share, and the overall value proposition of your product, network effects help you scale your firm and enhance profitability.Anetwork effectis when your product's value rises as more people use it, if you're wondering what that is.Learn more aboutnetwork effectsbrainly.com/question/14953481#SPJ4...

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