Which of the Following Statements Is True in the Context

question 64

Multiple Choice

Which of the following statements is true in the context of social media?

• A)Social networking is part of regular life for people of all ages.
• B)Social media seldom influence the buying behavior of consumers.
• C)The majority of forty-five and older place a high value on social network information.
• D)Social media have limited opinion sharing about companies.

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Definitions:

Dollar Votes

The concept that consumers "vote" for the products they prefer through the dollars they spend.

Consumer Sovereignty

The concept that consumers have the ultimate control over what goods and services are produced by choosing what to purchase with their money.

Economically Most Efficient

A situation or method that yields the maximum output without wasting resources.

Labor And Capital

The two primary factors of production; labor represents human contribution, while capital includes tools, equipment, and technology used in production.