Figure 13-14 -According to Figure 13-16 Above, There Are Four Types of Four

question 216

Essay

Figure 13-14
-According to figure 13-16 above, there are four types of franchising vertical marketing systems (VMS).List and provide a brief description for each one.

Identify the different facets of social commerce, including social shopping and marketplaces.

Understand niche and micromarkets, and the evolution of marketing strategies to target specialized consumer groups.

Grasp the concept of social influence on purchasing decisions, encompassing social shopping, social purchasing, and collaborative purchasing.

Understand the role and characteristics of blogs as a medium for social publishing.

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Definitions:

Living Wills

Legal documents that detail a person's wishes regarding medical treatments in situations where they are unable to communicate their decisions.

Intestate

A legal term referring to the condition of dying without a valid will, resulting in one's estate being distributed according to statutory laws.

Escheat

A legal process where unclaimed or abandoned property reverts to the state if no lawful heir is found or claimed.

Property

Assets or possessions owned by an individual or entity, including tangible items like land or buildings and intangible items like intellectual property.