Difference between revisions of "M5-Strategy-S3 - Complementors"

Revision as of 19:19, 27 August 2020

M5-Strategy-S3 - Complementors

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-Complementors are firms that ''produce complementary goods and services'' for industry products.
+M5-Strategy-S3 - Complementors
-For example
-# Gasoline makers are complementors to the automobile industry because gasoline is a complementary product essential to the operation of automobiles.
-# Complementary products increase demand for firm products. Thus, the more software that is developed for a particular computer standard, the more valuable the computer.
-# The Internet provides more information on complementary products, thus increasing rivalry (in offering complementary products) and the number of complementary products that are sold.
-# This in turn increases the number of industry products that are sold, augmenting industry profits.
 [[Category:mbi]]