Speeding Horse Inc., the leader in the video game console market, is making its

Question

Speeding Horse Inc., the leader in the video game console market, is making its new generation consoles backward compatible with its previous games. This means that: it is giving away its own installed base or complementary goods advantages to competitors. it is providing a significant incentive to the owners of its previously developed consoles and games. the transition of customers through product generations will become difficult. a large range of complementary goods of the previous generations, mainly the games, will lose its existing value and utility.

Explanation / Answer

Speeding Horse Inc.  making its new generation consoles backward compatible with its previous games because it is providing a signifcant incentive to the owners of its previously developed consoles and games. This means the console will support old version as well as updated version of the games.

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