The Use of Online,mobile,and Social Media to Engage Customers,build Relationships,and

question 125

True/False

The use of online,mobile,and social media to engage customers,build relationships,and increase sales is referred to as Sales.2.0.

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Definitions:

Buy-and-Sell Agreement

a legally binding agreement between co-owners that outlines what will happen to an owner’s share of the business if they depart the business due to death or any other reason.

De Facto Corporation

A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.

Organization Meeting

An initial meeting held to complete the formation of an entity, where bylaws are adopted, officers elected, and other organizational matters decided.

Corporate Powers

The legal rights and authorities that a corporation possesses, including entering contracts, owning property, and conducting business activities.