When Using Facebook Fan Pages,companies Must Dedicate Time to ____

question 132

Multiple Choice

When using Facebook Fan Pages,companies must dedicate time to ____ in order to make Fans feel connected.

• A)responding to fan posts
• B)promoting time-sensitive products
• C)gathering widgets
• D)providing background information on the company
• E)promoting green business practices

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Definitions:

Opportunity Costs

Opportunity costs represent the benefits a person or business misses out on when choosing one alternative over another.

Implicit Costs

The opportunity costs of using resources that a firm already owns, representing the income the firm foregoes by using those resources internally rather than renting or selling them.

Explicit Costs

Explicit costs are direct, out-of-pocket payments for resources or services needed for production, such as wages, rent, and materials; they're easily quantifiable and recorded.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting a business activity or making a decision.