_____ Is High When Customers Have Many Choices and Low

question 115

Multiple Choice

_____ is high when customers have many choices and low when they have few choices.

• A)Buyer power
• B)Threat of new services
• C)Rivalry among existing customers
• D)Risk of substitute products

Recognize the psychological and social impulses driving social media behavior.

Understand privacy considerations and the paradox in social media contexts.

Identify the characteristics and motivations of ideal brand ambassadors and social media participants.

Understand the role and psychological impacts of social media on users.

---

Definitions:

Mass Customization

Mass Customization is a business strategy that combines the efficiency of mass production with the personalization of custom-made products, catering to individual customer preferences at scale.

Economic Downturns

Periods of poor economic performance characterized by a decline in GDP, which can lead to increased unemployment and lower spending.

Employee Loyalty

The dedication of employees to their company, often reflected in their willingness to remain with the company for a long time.

Vacancy Model

A technique or model for predicting the number of job vacancies within an organization over a future period, aiding in workforce planning efforts.