Web-Based Technologies That Enable a Company to Build and Manage

question 31

Multiple Choice

Web-based technologies that enable a company to build and manage social media solutions and services are referred to as

• A)social media platforms.
• B)social media metrics.
• C)touch points.
• D)web portals.
• E)data mines.

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Definitions:

Total Product

The total output of goods and services produced by a firm during a specific period of time.

Implicit Costs

The opportunity costs that arise from using resources that could have been employed in an alternative capacity, but do not involve a direct monetary payment.

Entrepreneurial Talent

The skills, creativity, and initiative demonstrated by individuals in starting and managing new businesses, often driving innovation and economic growth.

Production Costs

The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overheads.