Benefits Gained by Businesses That Use Social Networking Applications Are

question 16

Multiple Choice

Benefits gained by businesses that use social networking applications are categorized as ________________________________.

• A) revenue, profit, and brand awareness
• B) internal, customer-related, and working with external suppliers and partners
• C) public and private
• D) reseller, manufacturer, and institutional

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Definitions:

Local Markets

Marketplaces within a specific geographical area where businesses sell goods and services directly to consumers in the community.

Low-Cost Leadership

A strategy that aims at becoming the lowest-cost producer in an industry to gain a competitive advantage.

Differentiation Strategy

A business approach that involves developing and marketing unique products or services to stand out from competitors and attract customers.

High-Profile Marketing

Marketing strategies aimed at attracting maximum public attention and visibility, often through the use of celebrities or large-scale campaigns.