Social Networking Is an Integral Part of Which of the Following

question 129

Multiple Choice

Social networking is an integral part of which of the following?

• A) the triple-bottom-line orientation
• B) lifetime value of a customer
• C) the value chain
• D) Web 2.0
• E) Web 1.0

Understand the concepts of producer and consumer surplus.

Identify and analyze market failures.

Describe conditions for allocative efficiency in markets.

Recognize the efficiency outcomes of competitive markets.

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Definitions:

Nonprofit Organizations

Organizations that may provide goods or services but do not have the fundamental purpose of earning profits.