MySpacecom Is a Social Network That Is Targeted Primarily to People

question 230

Multiple Choice

MySpace.com is a social network that is targeted primarily to people under the age of 25 years old.In 2005,when MySpace was the leading social network,News Corp,owner of The Wall Street Journal and Fox News,bought the firm for $580 million.Since then,its membership has declined precipitously due to changing consumer preferences.As a result,News Corp.sold MySpace to a group of investors for a paltry $38 million in mid-2011.This is an example of how __________ forces impact the marketing environment.

• A)economic
• B)competitive
• C)social
• D)technological
• E)regulatory

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods or services that can be purchased with a given budget.

Absolute Value

The non-negative value of a number without regard to its sign; essentially, it is the distance of a number from zero on the number line.

Slope

The measure of the steepness or incline of a line, representing the rate at which variables change relative to each other, often used in contexts like graphing economic functions.

Budget Line

A graphical representation showing the combination of two goods that can be purchased with a fixed amount of income, given their prices.