What happens when network externalities are present?

a. the usefulness of a product decreases as the number of firms selling the product increases.
b. the usefulness of networks diminishes with the number of consumers who enter them.
c. the usefulness of telecommunications equipment rises.
d. the usefulness of a product increases with the number of consumers who use it.

answer; the inspector may have found some violation that could cause death or some kind of serious injury;

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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answer makes less frequent trips to the bank and firms make less frequent price changes;