All of the Following Statements About the Environmental Forces That

question 96

Multiple Choice

All of the following statements about the environmental forces that have influenced Facebook are true except

• A)the Federal Trade Commission (FTC) has a laissez-faire policy of not interfering with the development and marketing of Facebook and other social media websites.
• B)technological advances in data storage, server speed, and software integration have made Facebook increasingly fast and convenient.
• C)its rivalry with Google, Twitter, and Snapchat; the ability of users to easily switch platforms; and the constant threat of new social networks targeted at specific interest groups encourage rapid expansion.
• D)the cost of wireless connectivity and smartphones rapidly declined and Internet access expanded, which increasingly made social networking affordable for more people.
• E)people increasingly look for new ways to communicate, obtain information, and offer opinions.

---

Definitions:

Income

An economic term that refers to the money received, usually on a regular basis, for work or through investments.

Price

The amount of money required to purchase a good or service, determined by supply and demand dynamics in the market.

Demand Function

A mathematical expression describing the relationship between the quantity demanded of a good and factors that influence it, such as price, income, and prices of related goods.

Mead

An alcoholic beverage created by fermenting honey with water, and sometimes with various fruits, spices, grains, or hops.