The Business Model of Web 2

question 7

Multiple Choice

The business model of Web 2.0 processing relies on ________.

• A)the sale of software licenses
• B)subscriptions
• C)advertising or other revenue-from-use
• D)a fixed product value

Recognize the implications of the two-step flow model on opinion formation.

Understand the relationship between media producers and active audiences in content interpretation.

Examine how lifestyle enclaves and third places contribute to community building and public life.

Discuss the influence of audience activities on cultural products and societal norms.

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Definitions:

World Price

The worldwide market value of a good or service, shaped by international demand and supply forces.

Tariff

A tariff is a tax imposed by a government on goods and services imported from other countries, used to regulate trade, protect domestic industries, or generate revenue.

Welfare Loss

The decrease in social welfare, usually measured in terms of lost economic efficiency or satisfaction, due to factors like taxes or monopolies.

Import Quota

A restriction imposed by a government on the quantity of a specific good that can be imported into a country during a specified time period.