Digital Media Has Revolutionized How People Communicate and Connect with Organizations

question 35

Multiple Choice

Digital media has revolutionized how people communicate and connect with organizations, giving rise to a massive growth in _______ activity.

• A)B2C
• B)B2B
• C)C2C
• D)C2B

---

Definitions:

Best Response

A strategy in game theory where a player chooses the option that gives them the highest payoff, given other players' strategies.

Sequential Game

A strategic game where players make moves one after another rather than simultaneously.

Monopolized

A market structure dominated by one supplier, with no close substitutes for the product or service, giving the supplier significant control over prices and output.

Simultaneous Game

A strategic scenario where players make their decisions or moves at the same time without knowledge of the other players' choices.