The Set of Relationships Among People Connected Through Friendship, Family

question 65

Multiple Choice

The set of relationships among people connected through friendship, family, work, or other ties is called a(n)

• A) organisation.
• B) social networking site.
• C) social network.
• D) formal communication.
• E) informal communication.

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Definitions:

Market Share

The percentage of an industry's sales that a particular company controls.

Substitutable Products

Goods or services that can serve as replacements for each other; demand for one increases when the price of the other increases.

Sold

The past tense of sell, indicating that an item or service has been exchanged for money or its equivalent.

Price Fixing

An unlawful agreement between competitors to establish, raise, or maintain prices at a certain level, often aimed at maximizing profits by eliminating competition.