ELE CC Content Commerce: The Financial Landscape of Social Media Unit 1 Quiz

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Questions and Answers

What is the definition of social media, according to Safko and Brake (2009)?

  • A web-based application for creating and transmitting content
  • An online space for sharing information, knowledge, and opinions using conversational media (correct)
  • A platform for buying and selling goods and services
  • A place where economic agents engage in transactions

What percentage of shoppers in 2017 revealed that social media plays a role in helping decide what to purchase?

  • 67%
  • 87% (correct)
  • 92%
  • 45%

What was Facebook's total revenue in 2018?

  • $5,678 million
  • $16,914 million (correct)
  • $10,432 million
  • $22,377 million

What is the main advantage for retailers in using hypertext links on social media?

<p>Reaching more potential customers through numerous connections (C)</p> Signup and view all the answers

How does social media enable collaborative marketing tactics for brands?

<p>By enabling users to jointly create value for brands (A)</p> Signup and view all the answers

What is one of the primary functions of social media as mentioned in the text?

<p>Generating e-word-of-mouth for brands (C)</p> Signup and view all the answers

How does social media expand the reach of most brands according to the text?

<p>By taking advantage of numerous connections (D)</p> Signup and view all the answers

What does the '6C' model of social media encompass?

<p>Content, Community, Commerce, Connection, Collaboration, Conversation (A)</p> Signup and view all the answers

What are some commercial features of social media content?

<p>Users can click to download, view, purchase, and complete commercial activities (C)</p> Signup and view all the answers

How can social media communities benefit companies?

<p>Offering product sales, product awareness, corporate reputation, and brand loyalty (C)</p> Signup and view all the answers

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