The Strategy of Reducing or Eliminating Risks by Taking a Small

question 90

Multiple Choice

The strategy of reducing or eliminating risks by taking a small share in many independent events or by taking advantage of the predictability associated with large numbers of independent events is known as:

• A)floating.
• B)specializing.
• C)pooling.
• D)screening.

Learn the necessity of workflow processes in implementing social media marketing plans efficiently.

Appreciate the significance of channel selection in accordance with brand image, audience goals, and strategic fit.

Discern the importance of content strategy and how it varies from content calendaring in detailed planning.

Understand the fundamental types and functions of social networking sites.

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Definitions:

McDonaldization

The process by which the principles of the fast food industry, such as efficiency, predictability, and control, have come to dominate other sectors of American society and the world.

George Ritzer

An American sociologist known for his concepts of McDonaldization, which explains how principles of the fast food industry dominate more sectors of society and global culture.

Organic Free-range

Food products derived from animals that have been raised in natural conditions, with access to the outdoors, and without the use of synthetic pesticides or fertilizers.

Social Loafing

A phenomenon in which individuals reduce their effort when working in a group compared to when working alone.