The Web and Social Media ______

question 313

Multiple Choice

The web and social media ______.

• A) are unlikely to affect consumer awareness of wants and needs
• B) expose consumers to many goods and services
• C) are drastically replacing opinion leaders
• D) lead to poor buying decisions
• E) have little impact on consumer decision making

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Definitions:

Deep Discounts

Significant reductions in price offered to consumers, often to clear inventory or boost sales temporarily.

Monopolist

A single supplier in a market who has exclusive control over a product or service, often resulting in limited competition.

Comcast

An American telecommunications conglomerate that is one of the world's largest broadcasting and cable television companies.

Time Warner

A former multinational media and entertainment conglomerate headquartered in New York, which was acquired by AT&T in 2018.