Which of the Following Is True of Social Media

question 3

Multiple Choice

Which of the following is true of social media?

• A)It is typically not used by firms as a marketing medium.
• B)It cannot be accessed using smartphones.
• C)It can be accessed only using specific Internet protocols.
• D)It is a type of content aggregator.
• E)It is built on the ideological foundations of Web 2.0.

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Definitions:

Average Fixed Cost

The fixed costs of production (costs that do not change with output) divided by the quantity of output produced, which decreases as production increases.

Total Costs

The aggregate financial expense incurred in the production of goods or services, including both fixed and variable costs.

Average Fixed Costs

Production's steady costs, unchanged by the amount of production, divided across the output quantity.

Total Variable Costs

The overall expenses that vary directly with the level of production output, such as raw materials and labor.