Location-Based Software and Applications Can Help Bring Special Offers to Customers

question 69

Multiple Choice

Location-based software and applications can help bring special offers to customers right on their smartphones when they are in the process of making a purchase decision.This best represents which aspect of the 4E framework of social media marketing?

• A) engage
• B) energize
• C) excite
• D) experience
• E) educate

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Definitions:

Beginning Inventory

The value of all goods available for sale at the start of an accounting period.

Net Income

The net income of a business following the subtraction of all costs, taxes, and operational expenses from its revenue.

Straight-Line Depreciation

A method of allocating an asset's cost evenly over its useful life, resulting in a constant annual expense.

Journal Entry

A record in accounting that documents a business transaction and its effect on various accounts, used to keep track of financial events by debits and credits.