Facebook Has for Some Years Offered Services That Many Individuals

question 58

Multiple Choice

Facebook has for some years offered services that many individuals have adapted to, making it difficult for them to choose another social networking site. It can be said that Facebook has protected itself well since the beginning from which competitive force?

• A) Bargaining power of suppliers
• B) Threat of substitute products
• C) Potential threat of new entrants
• D) Bargaining power of buyers
• E) Industry collaboration

---

Definitions:

Agency Contract

A legal agreement wherein one party (the agent) agrees to act on behalf of another party (the principal) in a business transaction or other matter.

Third Party

An individual or group not directly involved in a contract or legal transaction but could be affected by its outcome.

Agency Relationship

A legal and fiduciary relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business transactions.

Illegal

Activities or practices that are forbidden by law and subject to penalties if violated.