Companies Rely on Public Relations to Build a Favorable Corporate

question 64

Essay

Companies rely on public relations to build a favorable corporate image and foster positive relations with their many stakeholders,including communities,investors,industry analysts,government agencies,and activists.Compare and contrast the use of traditional press releases and social media releases in public relations' efforts to reach those stakeholders.

---

Definitions:

Rising Prices

A situation in an economy where the general level of prices for goods and services is increasing, often referred to as inflation.

Holding Gains

Holding gains are the increased values of assets that a company holds, realized when the asset is sold or revalued.

FIFO Cost Flow

An inventory valuation method where the cost of the earliest goods purchased are the first to be recognized as cost of goods sold.

Net Income

This refers to the amount of money a company earns after subtracting all its expenses, taxes, and costs from its total revenue.