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Social Media Are Sometimes Called the "Weapon of the Weak

question 21

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Social media are sometimes called the "weapon of the weak" because they

Apply the understanding of problem solving, decision making, and reasoning in everyday contexts.
Appreciate the importance of changing practices to reduce bias in decision-making, such as in the context of auditions.
Evaluate the use and implications of algorithms, heuristics, and formal reasoning in cognitive processing.
Understand the creation and use of mental maps in navigating physical and conceptual spaces.

Definitions:

Perceived Value

The value a consumer assigns to a product based on their personal assessment rather than its objective market value.

Cannibalization

Cannibalization occurs when a company's new product or service eats into the sales of one of its existing offerings, often unintentionally harming overall revenue.

Multichannel Distribution

Multichannel Distribution involves utilizing several distinct channels to reach consumers and offer products or services, enhancing market reach and customer choice.

Strategic Channel Alliance

A cooperative agreement between business firms to use each other’s distribution channels to sell their products, enhancing reach and efficiency.

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