What Is Social Selling

question 12

Multiple Choice

What is social selling?

• A)the use of online, mobile, and social media to engage customers, build strong customer relationships, and increase sales
• B)generating sales by promoting the firm and encouraging demand for its products
• C)engaging customers in the sales process over social engagements such as lunch or dinner
• D)creating friendships with customers that lead to social interactions
• E)acting like a management consultant to solve customer problems

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Definitions:

GAAS

Stands for Generally Accepted Auditing Standards, which are the guidelines auditors follow to ensure their audits are conducted objectively and consistently.

Privity or Near-Privity Rule

A legal principle requiring a close, direct relationship between the parties involved in a contract for a third party to have the right to sue.

Third Party Liability

Legal responsibility that arises when a third party is held liable for damages or injury caused to another, often seen in insurance contexts.

Unaudited

Referring to financial statements or accounts that have not undergone formal examination and verification by an auditor.