Facebook Is an Example of a Private Firm

question 98

Multiple Choice

Facebook is an example of a private firm.As a private firm,Facebook is

• A) not subject to government regulations and taxation.
• B) run by stockholders and a board of directors.
• C) run by its founder, Mark Zuckerberg.
• D) not legally allowed to raise funds through venture capital firms.

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Definitions:

Enhancing Product

Activities or modifications aimed at improving a product’s appeal, functionality, or market competitiveness.

Form Utility

Form utility refers to the value added to goods through the manufacturing process, transforming raw materials into finished products that are more desirable to consumers.

Appealing To Buyers

Strategies used by companies to attract and persuade potential customers to purchase their products or services.

Direct Channel

A distribution method where a company sells its products or services directly to its customers without the use of intermediaries or third parties.