Question: What is the network effect and how can it be leveraged to create value for a business? What is meant by a social media information

  1. What is the network effect and how can it be leveraged to create value for a business?
  2. What is meant by a social media information system and describe three different ways a business can use social media?
  3. How can social networks be used to create social capital and why is this important for a business?

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