What Is the Role of Blogs in Business

question 7

Multiple Choice

What is the role of blogs in business?

• A) To interact predominantly with an internal audience
• B) To interact predominantly with an online audience
• C) To deliver information about strategic goals
• D) To deliver messages about competitors

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Definitions:

Rent-Seeking

Actions by individuals and groups designed to restructure public policy in a manner that will either directly or indirectly redistribute more income to themselves or the projects they promote.

Monopoly Power

The ability of a single seller or company to control the market price and supply of a product or service.

High-priced Rental

Property rental arrangements that are significantly more expensive than the average market rate.

Rent-seeking

Endeavors aimed at earning income by manipulating the economic environment rather than through trade and production of added value.