Identify how an organization could make a social media site more appealing for global customers

What will be an ideal response?


Answer: Most businesses use social media to attract customers, maintain customer relationships, and build trust for their brand. They also use social media as a starting place for e-commerce.
However, global culture and politics impact how social media serves business purposes. A survey from the European commission found that "Only 18% of EU internet users buy online in another language frequently or all the time, and 42% said they never buy online in a language other than their own." This finding suggests that U.S. businesses that want to attract European customers would benefit from providing sites in multiple languages. Research suggests that individualistic cultures (which are prevalent in developed economies like the U.S.) are more likely to trust e-commerce because purchases are backed by mechanisms based on individualistic cultural norms: guarantees, laws and policies, and security measures. By contrast, more collectivist cultures. These mechanisms are less relevant in collectivist cultures such as those in South America and Africa, which rely more on a sense of community and social position for trust. Although China does not allow Facebook, Twitter, and Youtube, China has the most active social media environment in the world, and social media plays a significant role in consumers' purchasing decisions. For example, research has found that purchasers rely on recommendations from opinion leaders in their social networks. Purchasers are also influenced by social media that is entertaining. The cosmetic company Clinique achieved great success by producing a 40-episode social media drama series called Sufei's Diary that displayed Clinique products but that viewers perceived as entertainment. Clinique's brand awareness rose dramatically.

Business

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AFB, Inc and DAS, Inc both paid a $2 per share dividend last year. This year, AFB, Inc announces

an increase to $3 per share while DAS, Inc announces an increase to $2.50 per share. After the announcement, the price of DAS, Inc stock increases and the price of AFB, Inc's stock decreases. Which of the following best explains this situation? A) Capital markets are perfect. B) The stock market is irrational. C) AFB, Inc. had higher agency costs than DAS, Inc. prior to the announcement. D) Both companies need to raise capital for positive NPV projects, and flotation costs are high.

Business

In O'Connor v. Consolidated Coin Caterers Corp, the court of appeal held that:? A) ?whether the replacement was over or under 40 years of age was irrelevant

B) ?the ADEA does not provide for disparate impact cases against older officers. C) ?the ADEA did not require the employer to demonstrate any intention to discriminate. D) ?None of the above.

Business