Which of the Following Is a Consequence of the Use

question 57

Multiple Choice

Which of the following is a consequence of the use of social media?

• A)Brands do not need to communicate as much.
• B)Customers speak actively to brands.
• C)Brands need to let others talk to customers.
• D)Brands are free to stick to sales messages.
• E)Nations are able to brand themselves.

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Definitions:

Concerts

Public performances of music by artists in front of an audience.

Relative Change

A metric that measures how much a particular quantity has changed over time relative to the initial amount.

Inelastic

A characteristic of a good or service whose demand or supply is relatively unresponsive to changes in price.

Elastic

A characteristic of a product or service that indicates its demand or supply significantly changes with a change in price.