The internet puts small businesses on the same footing as large organisations by providing and inexpensive...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The internet puts small businesses on the same footing as large organisations by providing and inexpensive platform for interacting with customers and selling products and services. With their global reach, social networking sites are a good example of how the internet can level the playing field. Here are five ways that small businesses can take advantage of these sites. Creating local social networks- Small businesses can use sites such as yelp (www.yelp.com), which help people find local restaurants, dentists, hairstylists, mechanics and so on. People also use these sites to find out about upcoming events, take advantage of special offers, and talk to other customers. Creating a blog or social hub- This allows small businesses to keep customers engaged by creating useful content such as how-to-do lists or industry insights. Using twitter- This allows small businesses to connect with their consumers in real time. Creating a Facebook fan page- This allows small businesses to visualize and build a community that can be customized by adding maps, coupons and so forth. Using a custom wiki- A wiki can be used as a public forum that alerts customers to problems and concerns related to the company's products and services and resolves issues or answers questions to keep customers engaged. 1. 2. 3. 4. How does the Internet put small businesses on the same footing as large organisation? (2.5 marks). What are two ways social networking sites such as Twitter can help a small business? (2.5 marks). How can a site such as Yelp help small businesses? (2.5 marks). Explain the disadvantages of Twitter (2.5 marks). The internet puts small businesses on the same footing as large organisations by providing and inexpensive platform for interacting with customers and selling products and services. With their global reach, social networking sites are a good example of how the internet can level the playing field. Here are five ways that small businesses can take advantage of these sites. Creating local social networks- Small businesses can use sites such as yelp (www.yelp.com), which help people find local restaurants, dentists, hairstylists, mechanics and so on. People also use these sites to find out about upcoming events, take advantage of special offers, and talk to other customers. Creating a blog or social hub- This allows small businesses to keep customers engaged by creating useful content such as how-to-do lists or industry insights. Using twitter- This allows small businesses to connect with their consumers in real time. Creating a Facebook fan page- This allows small businesses to visualize and build a community that can be customized by adding maps, coupons and so forth. Using a custom wiki- A wiki can be used as a public forum that alerts customers to problems and concerns related to the company's products and services and resolves issues or answers questions to keep customers engaged. 1. 2. 3. 4. How does the Internet put small businesses on the same footing as large organisation? (2.5 marks). What are two ways social networking sites such as Twitter can help a small business? (2.5 marks). How can a site such as Yelp help small businesses? (2.5 marks). Explain the disadvantages of Twitter (2.5 marks).
Expert Answer:
Answer rating: 100% (QA)
1 The Internet puts small businesses on the same footing as large organizations by providing them with an inexpensive platform for interacting with customers and selling products and services Heres ho... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these human resource management questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
What is the effect of cultural commoditization and transformation on local traditions and customs? Give an example. Check Chapter 4 in the textbook for information on cultural commoditization and...
-
Gothic Kings Ltd. Is a 100% owned subsidiary of Hadrian Inc. Gothic has been profitable in the past but incurred a loss for the year ended December 31, 20X3. Hadrian has indicated that if Gothic...
-
Lexington Lumber Co. processes rough timber to obtain three grades of finished lumber, A, B, and C. The company allocates costs to the joint products on the basis of market value. During the month of...
-
Bank 1 and Bank 2 are considering entering a compatibility agreement that would permit the users of each banks ATMs access to the other banks ATMs. Bank 1 has a network of branches and automated...
-
Andrew Reitz established a trust in 2000, naming his sons, James and John, as sole beneficiaries and himself as trustee. Upon Andrews death, Hal Rachal Jr., the attorney who drafted the trust, became...
-
(a) On January 1, 2012, Fishbone Corporation sold a building that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale. Fishbone received as consideration a $240,000...
-
A Joe plays football for his high school team. He is 17 years old, 6 feet tall and weighs 180 pounds. His coach has recommended that he gain 10 pounds over the next six months, but not at the expense...
-
1. What is your assessment of the financial performance of Nelson Nurseries? 2. Do you agree with Christine Barton?s accounts-payable policy? 3. What explains the erosion of the cash balance? 4. What...
-
a)Slowly changing dimensions (SCD) have different types. Which types do not maintain a complete history of changes? a.Type 0, 1 and 2 b.Type 1 and 3 c.Type 0 and 2 b)Implementing a Temporal Data...
-
Briefly describe the replacement chain (common life) and the EAA approaches to the unequal life problem.
-
What reinvestment rate is built into the NPV calculation? The IRR calculation?
-
What is done in the post-audit?
-
What are some advantages and disadvantages of stock repurchases?
-
For a firm that has adequate access to capital markets, is it more reasonable to assume reinvestment at the WACC or the IRR? Explain.
-
Which number is smaller -13 or -15?
-
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
-
Identify and describe the sources of law.
-
The Federal Deposit Insurance Corporation (FDIC) brings this action to collect on promissory notes signed by certain former partners of the law firm of Finley, Kumble, Wagner, Heine, Underberg,...
-
The plaintiff, James Schoenberger, brought a small claims action * * * in the * * * circuit court of Cook County against the defendant, Chicago Transit Authority (hereinafter C.T.A.) to recover...
-
Macquarie Manufacturing Ltd prepared the following planned production data for the forthcoming year ending 30 June 2019. Required (a) Prepare a table showing the predetermined factory overhead rate...
-
Beautiful Bottles Pty Ltd, bottle manufacturer for the food industry, has just installed a job order costing system. The company uses machine hours to apply its overhead to work in process. On 1 May...
-
Green Consultants Pty Ltd specialise in consulting on landscape design. The company developed a predetermined charge-out rate based on hours for each of its consultants on 1 July 2019 to assign the...
Study smarter with the SolutionInn App