In 2011, Google Introduced Its Social Networking Site, Google

question 36

Multiple Choice

In 2011, Google introduced its social networking site, Google+. Even though Google+ is cleaner and more straightforward than its nearest competitor, Facebook, it still has trouble competing with Facebook because:

• A) most people don't know about it.
• B) Facebook has a monopoly on social networking.
• C) everyone's already on Facebook.
• D) the market is still contestable.

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Definitions:

Financial Accounting

The field of accounting focused on the summary, analysis, and reporting of financial transactions relating to a business, following standardized guidelines.

Raw Materials Inventory

The total cost of all components that are intended to be used in the production of a product but have not yet been used.

Schedule Of Cost

A detailed statement summarizing the costs associated with production or a specific project.

Goods Manufactured

The completed items that are ready for sale or use, produced by a manufacturing process during a specific accounting period.