Examlex
Refer to the scenario below to answer the following question(s) .
Essential-Beauty is a rapidly growing firm that manufactures women's makeup, perfumes, and nail-care products. The company has established itself as a high-end cosmetic product brand available at most national drug stores. In the past, almost all of the advertising for Essential-Beauty has been in women's fashion magazines.
The firm is now launching a new line of skin care products, ranging from facial cleansers to body lotion. These products are designed to be marketed to a broader audience, so the marketing team is exploring the effectiveness of different promotional mixes.
-Essential-Beauty considers one of its most important competitors to be Look-Lovely, another marketer of high-end makeup and skin care products sold in drug stores. Based on this, it is most accurate to say that Look-Lovely and Essential-Beauty are both ________.
Social Commerce
The integration of online social networks with e-commerce transactions, enabling the buying and selling of products directly on social media platforms.
Online Marketplaces
Digital platforms that facilitate the buying and selling of goods and services between vendors and consumers, often providing a wide range of products and services.
Marketing And Selling
The process of promoting, selling products or services, and actively engaging customers through various strategies and communication methods.
Social Shopping
An e-commerce method that leverages social media and user contributions to facilitate online shopping experiences.
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