Refer to IT's About Business 9

question 17

Multiple Choice

Refer to IT's About Business 9.5 - Location, Location, Location: Which of the following statements concerning Foursquare is false?

• A) Foursquare is based on GPS-enabled mobile technology.
• B) A "mayor" icon is given to the person who checks into a location the most often in the last 60 days.
• C) Foursquare is used by merchants to attract customers with promotions.
• D) Other social network sites are adding location-based tools.
• E) Foursquare has no competition.

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Definitions:

Financial Advantage

Refers to the benefit or upper hand that a business or individual has in a financial situation, often leading to better profitability or investment outcomes.

Common Fixed Costs

Costs that are shared by several segments, products, or projects of a company, not attributable directly to any individual segment.

Divisions

Separate units within a larger company, often structured around specific products, geographical locations, or market segments, each potentially with its own management.

Segment

Any part or activity of an organization about which managers seek cost, revenue, or profit data.