Facebook's Rapid Growth and Its Ranking as Number One Is

question 12

Multiple Choice

Facebook's rapid growth and its ranking as number one is an interesting and informative business case because:

• A)it shows the power of IT to disrupt the status quo and transform industries.
• B)it is a public company with an immensely-profitable business model.
• C)it has positioned itself solely as a social network.
• D)all of the above

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between two or more options.

Market Price

The value of a good or service determined by the supply and demand within a competitive marketplace.

Corn Rises

An increase in the market price of corn, which can be due to various factors such as supply constraints, increased demand, or external market conditions.

Opportunity Cost

Sacrificing the possible benefits of various alternatives by selecting a specific choice.