List the Two Marketing Processes for Which Social Computing Is

question 23

Essay

List the two marketing processes for which social computing is particularly useful. Explain how social media sites can be used in these processes using real-world examples.

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Definitions:

Net Exports

The value of a country's total exports minus its total imports; a positive number indicates a trade surplus, while a negative number indicates a trade deficit.

GDP

The measure of all goods and services produced to their final stages within the confines of a country, valued in market or monetary terms over an identified period, defines the Gross Domestic Product.

Joseph Stiglitz

An American economist and a professor at Columbia University, known for his critical view on the management of globalization and neoliberal policies.

IMF

The International Monetary Fund, an organization aimed at fostering global monetary cooperation and financial stability, facilitating international trade, and reducing poverty.