LinkedIn Is an Example of A

question 91

Multiple Choice

LinkedIn is an example of a:

• A)social networking site.
• B)video-sharing site.
• C)photo site.
• D)microblog.
• E)corporate blog.

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Definitions:

Labor Specialization

The process of dividing work into unique tasks performed by different individuals, improving efficiency and expertise.

Market Share

The proportion of total sales or revenue that a company or product secures within a particular market, compared to competitors.

Cost Leadership Strategy

A business strategy focusing on gaining a competitive advantage by becoming the lowest cost producer in the industry.

Differentiation Strategy

A competitive strategy in which a company seeks to distinguish its products or services from those of competitors on dimensions such as quality, design, or customer service.