In the Context of the External Environment of a Business,which

question 3

Multiple Choice

In the context of the external environment of a business,which of the following statements is true of social media?

• A)The Internet of Things is increasingly being used by many people.​
• B)Social media seldom influence the buying behavior of consumers.
• C)Usage rates are higher among older age groups.
• D)​Social media have limited consumers' opinion sharing about companies.

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Definitions:

Direct Labour

The wages paid to workers directly involved in producing goods or providing services.

Indirect Labour

Labor costs associated with tasks that do not directly contribute to the production of goods or services but are necessary for the operation.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including utilities, rent, and salaries of employees not directly involved in production.

Period Costs

Expenses that are not directly tied to production activities and are expensed in the period they are incurred, such as selling, general, and administrative expenses.