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. But its membership declined precipitously due to changing consumer preferences, and 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. regulatory
C. social
D. competitive
E. technological
Answer: C
Business
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What will be an ideal response?
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Indicate whether the statement is true or false
Business
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Business