Forecasting Is a Strategic-Planning Tool Used to Make Long-Term Strategy

question 93

True/False

Forecasting is a strategic-planning tool used to make long-term strategy.

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Definitions:

External Social Network

Social media platforms or communities outside of one's own website or business used for networking and outreach.

Internal Social Network

A private network within an organization designed to facilitate communication and collaboration among employees.

Niche Market

A specialized segment of the market targeting a specific type of customer, often characterized by unique needs or preferences.

Social Lock-in

Social lock-in describes a situation where users are incentivized to continue using a specific social platform or service due to the presence of their friends, content, and communities, making it difficult to leave.