The First Step in the Process of Creating a Social

question 30

Multiple Choice

The first step in the process of creating a social media campaign is to

• A) develop a budget.
• B) identify the target audience.
• C) set goals.
• D) design the elements of the campaign.
• E) monitor the program.

---

Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.

Labor Demand Data

Information that reflects the quantity of labor that employers are willing to hire at various wage rates.

Labor Supply Data

Information or statistics that represent the total number of hours that workers are willing and able to work at different wage rates in a given time period.