The Main Reason Why Consumers Follow Business and Brands in Social

question 54

Multiple Choice

The main reason why consumers follow business and brands in social media is:

• A) to access tips and advice.
• B) to access product information.
• C) to access offers and promotions.
• D) none of the given answers.

Understand how group cohesiveness can contribute to or mitigate risks of groupthink.

Gain insight into theories explaining group polarization.

Acquire knowledge on the symptoms of groupthink and how it leads to defective decision-making.

Understand the foundational theories and phenomena related to social psychology and group dynamics, including Triplett’s study on competition and Allport's concept of social facilitation.

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Definitions:

Net Investment

The amount spent by a company on new capital assets after accounting for depreciation.

Foreign Investments

Investments made by individuals, companies, or governments in assets or business ventures in another country.

Interest Rates

The cost of borrowing money expressed as a percentage of the principal, or the return on investment.

Economists Define

A phrase indicating the beginning of a definition or explanation of a specific economic term or concept as provided by economists.