After Establishing a Listening Platform,an Organization Should

question 100

Multiple Choice

After establishing a listening platform,an organization should:

• A) develop a list of objectives for its social media team to accomplish
• B) attempt to develop a unique social media platform to generate buzz about the brand
• C) identify potential consumers
• D) decide which tools and platforms to use as part of its social media strategy
• E) implement measurement tools to determine the benefits of social media

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Definitions:

Gross Profit Inventory Method

An accounting method to estimate the value of ending inventory and cost of goods sold using the gross profit margin.

Inventory Valuation

The method used to determine the cost associated with an inventory at the end of an accounting period, impacting the cost of goods sold and net income.

Gross Profit

The financial metric indicating the difference between revenue and the cost of goods sold (COGS), reflecting the efficiency of core operations.

Consignor and Consignee

The consignor is the entity that owns goods being shipped, while the consignee is the entity receiving the goods for sale or safekeeping.