Chapter 7 Flashcards
1
Q
Social Marketing Process
A
1st: Fan Acquisition
2nd: Engagement
3rd: Amplification
4th: Community
5th: Brand Strength
2
Q
Locations-based marketing
A
- Targets messages to users based on location.
- marketing of location-based services
3
Q
Location-based services
A
- Provide services to users based on location
- Personal navigation
- point-of-interest
- reviews
- friend-finders, family trackers
4
Q
benefits of auctions
A
- Liquidity
- Price discovery
- Price transparency
- Market efficiency
- Lower transaction costs.
- Consumer aggregation
- Network effects