According to the Text,firms Are Using Social Media for All

question 36

Multiple Choice

According to the text,firms are using social media for all of the following EXCEPT:

• A)​To create user forums where customer questions are answered by other customers
• B)To listen to their customers​
• C)To communicate to their customers​
• D)To obtain leads for hiring new employees​

---

Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Total Revenue

Total Revenue is the full amount of income generated by the sale of goods or services before any costs are deducted.

Perfectly Elastic Demand

Demand in which quantity drops to zero at the slightest increase in price.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable change while holding others constant.