Manufacturers of large equipment such as aircraft and ships and companies involved in road construction have jobs that may require two or more years for completion. For example, Boeing Corporation might have an order for 50 aircraft for a particular airline, and the order will extend over a three- to five-year period. Aircraft are delivered as completed, but not in a batch of 50 at one time. In the typical fashion, the overhead application rate must be calculated and applied in such a way that each aircraft that is delivered has the proper amount of overhead for that aircraft. Required: What unique difficulties do you see in the calculation and application of overhead in industries such as aircraft manufacturing or shipbuilding

People who volunteer or organize fundraisers typically use donated items in various ways to support the event and achieve its objectives.

Here are some common ways in which donated items are utilized:

1-Auctions or raffles: Donated items can be auctioned off or used as prizes in raffles to generate funds for the cause. These items could include gift certificates, merchandise, experiences, or unique collectibles.

2-Gift bags or swag: Donated items can be assembled into gift bags or swag bags that are given to attendees or participants. These bags often contain promotional materials, small gifts, or samples from sponsors or donors.

3-Silent or live auctions: Donated items can be showcased and bid on in silent or live auctions during the event. These items may range from artwork and jewelry to vacation packages or exclusive experiences.

4-Event supplies: Donated items such as food and beverages, decorations, audiovisual equipment, or event space can significantly reduce the costs associated with organizing the fundraiser.

5-Prizes or incentives: Donated items can be used as incentives for participants to reach certain fundraising goals or milestones. This can motivate individuals to actively engage in fundraising efforts.

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We can see here that completing the sentence, we have: Manufacturing and service businesses use the four management functions - planning, organizing, leading, and controlling - to maximize the productivity of their operations.

Management is the process of organizing, supervising, and controlling an organization's resources and actions in order to effectively and efficiently accomplish its objectives.

Planning, organizing, directing, and controlling numerous organizational components, including people, processes, and resources, is necessary to ensure the success of the company and the achievement of its goals. For an organization to succeed, managers at various levels are in charge of making choices, creating goals, allocating resources, directing staff, and keeping track of performance.

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Alistair is the owner and operator of a bakery. He spends $250 on groceries for his business. He makes two bookkeeping entries in the book of accounts. He debits the supplies account and follows the transaction principle.

A book of accounts contains commercial account transaction records. Commercial double entry accounting systems include numerous ledgers or books, such as the general ledger as well as general journal. These ledgers are collectively referred to as books, a shortened term for books of account. Any of the numerous books utilised in the accounting process can be referred to as a single book of accounts.

Thus the entries that he make in the book of accounts is that he makes two entries in the book of accounts. He debits the supplies account and compliance with the principle of transaction.

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Claim: The Federal Reserve plays a positive role in the U.S. economy by effectively managing monetary policy and promoting economic stability and growth.

The Federal Reserve has main role of maintaining price stability, promoting full employment and fostering sustainable economic growth. Through its control over monetary policy, the Federal Reserve uses various tools such as open market operations.

Its control reserve requirements and interest rate adjustments to manage the money supply and influence interest rates. By doing so, the Federal Reserve aims to stabilize inflation and minimize fluctuations in economic activity.

The evidence suggests that the Federal Reserve's actions have had a positive impact on the U.S. economy. For instance, during the 2008 financial crisis, its implemented extraordinary measures to stabilize the financial system including providing liquidity support to banks and implementing unconventional monetary policies like quantitative easing.

Full question:

Make a claim about the positive role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim ased on the evidence, which perspective do you agree with more?

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The correct option will be:

4 tons

Mexico had competitive edge

4 tons of lumber and 6 pounds of avocados

In terms of lumber production, the US has a comparative advantage since it makes 4 tons per hour of labor as opposed to Mexico's 6 tons. Regarding avocados, Mexico has a competitive edge.

The capacity of a nation's economy to manufacturing a certain item or commodity at a cost of opportunity that is less than its trade counterparts is known as comparative advantage. avocados have a competitive advantage  If each nation concentrated on the good for which they had an unfair advantage, the overall amount of lumber and avocados supplied would increase.

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The question is incomplete, the complete question is:

Trade (continued) Suppose that there are two good, avocadoes and lumber, and two countries, Canada and Mexico. Suppose also that the amount of each good produces with one hour of labour is the following: Avocados Lumber Canada 40 10 Mexico 400 5 Canada and Mexico each have 2,000 units of labour. Suppose Canada follows its comparative advantage in deciding what to produce, and trades with Mexico at a price of 25 avocadoes per ton of lumber. Canada consumes 13,000 tons of lumber at home, what is Canada's gain from trade in tons of avocadoes?

The brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them.

A brand promise is the statement or commitment made by a company to its customers, which reflects what the company does best and what customers expect from them. It is the foundation of the brand and helps to build trust and loyalty with customers. The brand promise represents the unique value proposition that a company offers to its customers, which differentiates it from its competitors. The blank space in the question refers to what customers want or need from the company. Customers expect companies to deliver on their promises, provide high-quality products or services, and create positive experiences that meet their expectations. Therefore, the brand promise should align with the needs, wants, and expectations of the target audience. To create a strong brand promise, companies need to understand their customers' needs and wants, and also assess their strengths and weaknesses. By doing so, they can develop a promise that meets customer expectations and aligns with their core competencies. This will create a unique selling proposition that will differentiate them from competitors and build long-term relationships with customers. In summary, the brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them. By creating a strong brand promise, companies can differentiate themselves from competitors and build long-term relationships with their customers.

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During its most recent fiscal year, Barrington Enterprises made $4.3 million in taxable income (profits before taxes). The firm's average tax rate and marginal tax rate is 21%.

First, determine the tax rate that applies to your $4.3 million taxable income. The global average statutory corporate tax rate is 23.37%.

We combine Barrington Enterprises' taxable income of $4.3 million at the applicable tax rate of 21% to become taxable. That means we have a tax liability of $903,000.

The average rate is obtained by dividing the total amount of tax due by the amount of taxable income. The typical tax rate in this situation is $903,000/$4.3 million, or 21%.

The rate at which an additional dollar of income would be taxed is known as the marginal tax rate. Barrington Enterprises has a taxable income of $4.3 million in this instance, thus any more income would be taxed at a rate of 21%.

Tax compliance refers to both societal norms and individual practises that help to guarantee that taxpayers are paying the right amount of tax at the right time and receiving the right tax breaks and allowances.

In order to support government spending and other public expenditures (regional, local, or federal), a governmental body levies a tax on a taxpayer (an individual or legal corporation).

Between 3000 and 2800 BC, taxes were first imposed in ancient Egypt. Late payments and evading or retaliating against taxation are also illegal. Direct or indirect taxes may be paid in cash or in the equivalent in compensation at work.

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Answer:

1. this is a graph. i have added it as an attachment

2. gayles glass work cannot sell below floras flask and still make profit.

3. here gayles glasswork can sell below floras flask and still make profit. unit cost helps in decision making concerning selling price and profit

Explanation:

1. please check the attachment for the graph.  we have number of flanges on the x axis of the graph and costs of manufacturing on the y axis.

2. 10 flanges at $1 + $28/hr

= $38

the variable cost for manufacturing per unit of flange =  38/10 = $3.8

[tex]total cost per flange = (3.8 +\frac{28000}{5000} )+\frac{10000}{5000}[/tex]

= $11.40

so if Gayle's should manufacture and sell 5000 flanges, it would have total cost per flange as 11.40 dollars. while floras flask has 10 dollars per flask. Gayle's glasswork should not sell below 10 dollars as it would not be able to make profit.

3. If gayles glasswork sold and made 10000 flanges this period

[tex]total cost per flange=[3.80+\frac{28000}{10000} ]+\frac{10000}{10000}[/tex]

= $7.60

the selling price of flora flask is = 10 dollars with Gayle's = 7.60 dollars. Gayle's can make profit by keeping selling price less than flora flask. therefore Gayle can make profit by selling below flora flask.

What does this indicate about the use of unit cost in decision making?

we saw how unit cost fell fro 11.40 dollars to 7.6 dollars as fixed and period costs remained unchanged, not withstanding the number of units that was being manufactured. this shows that unit cost plays a great role in decision making concerning selling price, profit as well as feasibility of the product.

thank you!

The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.

Cash Payback Period = (Total Initial Investments- Salvage Value)/Net Annual Cash Flows

Cash Payback Period = (4000000-2000000)/(4000000-3550000)

Cash Payback Period = 4.44 years

The Cash Payback period for the project based on the original projections is 4.44 years.

Cash Payback Period = Total Initial Investments/Net Annual Cash Flows

Cash Payback Period = (4000000-2000000)/(4200000-3470000)

Cash Payback Period = 2.74 years

The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.

Simply divide the initial cash outlay of a project by the amount of net cash inflow that the project generates annually to find how to calculate payback period in practice. You might assume that the net cash inflow is constant each year in order to calculate the payback period formula.

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Answer:

B. False

Explanation:

hope this helps

Two advantages do renters have that home buyers don’t have are:

B. Renters are not affected by changing property prices.

C. Renters don't have to pay for major repairs to the property.

Major repairs that need to be made in a rented property, like a faulty roof or leaking gas, must be paid for by the homeowner, according to the housing department. In addition, if the housing market crashes, it would be the home's owner who would suffer financial harm.

For homeowners, who are responsible for installation and repairs, amenities that are often free for tenants are not. When renting, a security deposit typically equal to one month's rent is required, but when buying a home with a mortgage, a significant down payment is needed. Renters benefit from cheaper energy costs, more housing flexibility, and access to facilities like a pool or fitness center that would otherwise be prohibitively priced.

Option B and C are the correct answers.

The complete question is, "Which two advantages do renters have that home buyers don't have?

A. Renters don't have to pay a security deposit.

B. Renters are not affected by changing property prices.

C. Renters don't have to pay for major repairs to the property.

D. Renters can have the property renovated at the landlord's expense."

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Lang's claim that repayment of the loan would take over a year and therefore the agreement is unenforceable because it was not in writing is incorrect.

1. Lang's claim that repayment of the loan would take over a year and therefore the agreement is unenforceable because it was not in writing is incorrect.

The requirement for a written agreement under the Statute of Frauds varies from jurisdiction to jurisdiction, but typically contracts that cannot be performed within one year are required to be in writing. In t

2. An e-mail containing the terms of the loan agreement, even with Vollmer's name at the bottom, may not be sufficient as a writing under the Statute of Frauds in some jurisdictions.

The requirements for a writing can vary, but generally, a writing must be signed by the party against whom enforcement is sought. Since Lang did not respond to the e-mail and did not provide his own signature, it may not satisfy the writing requirement under the Statute of Frauds.

3. Assuming the contract falls within the Statute of Frauds and the state recognizes exceptions to the Statute of Frauds, the best chance for Vollmer to enforce the oral contract would be the partial performance exception.

The partial performance exception allows for the enforcement of an oral contract if one party has already partially performed their obligations under the contract.

4. If Lang raises the Statute of Frauds for the first time on appeal, Vollmer can argue the doctrine of promissory estoppel as an exception. Promissory estoppel is a legal doctrine that prevents a party from using the Statute of Frauds as a defense if the other party has relied on the oral agreement to their detriment.

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The inside-out versus outside-in perspectives are two different approaches to managing strategically. The outside-in perspective is supported by the market-oriented strategic planning approach.

The inside-out approach centers around a company's strengths and capabilities, leveraging them in the market to identify opportunities. Upon starting his business, Bathu Shoes, Theo Baloyi embraced this perspective as a priority.

Meanwhile, market-oriented strategic planning emphasizes understanding customer needs for an outside-in viewpoint. Products and services should be developed with these in mind. Adopting this outlook allowed Bathu Shoes to deepen their comprehension of customers and what they require.

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The optimal solution is to hire 22 permanent operators and 19 temporary operators, with a total cost of $2272.50.

a) Formulating the linear programming model:

Let x represent the number of full-time employees and y represent the number of temporary employees to be hired.

The objective function is to minimize the cost of hiring operators, which is given by:

Cost = 64x + 42y

The constraints are:

The total number of claims processed per day cannot be less than 450:

16x + 12y ≥ 450

The total number of defective claims per day cannot be more than 25:

0.5x + 1.4y ≤ 25

The number of workstations available is limited to 40:

x + y ≤ 40

The number of operators cannot be negative:

x ≥ 0, y ≥ 0

Following are some ways to express the linear programming model:

Minimize Cost = 64x + 42y

Subject to:

16x + 12y ≥ 450

0.5x + 1.4y ≤ 25

x + y ≤ 40

x ≥ 0, y ≥ 0

b) Solving the model using graphical analysis:

We can graph the constraints to find the feasible region and then use the corner-point method to find the optimal solution.

First, we graph the constraint 16x + 12y ≥ 450:

12y ≥ -16x + 450

y ≥ (-4/3)x + 37.5

Next, we graph the constraint 0.5x + 1.4y ≤ 25:

1.4y ≤ -0.5x + 25

y ≤ (-5/14)x + 25/1.4

y ≤ (-5/14)x + 17.86

Finally, we graph the constraint x + y ≤ 40:

y ≤ -x + 40

Combining these three constraints, we get the following feasible region:

16x + 12y = 450

y ≤ (-4/3)x + 37.5

y ≤ (-5/14)x + 17.86

y ≤ -x + 40

We now evaluate the objective function at the corner points of the feasible region to find the optimal solution.

The corner points are:

(0, 25/1.4) = (0, 17.86)

(0, 37.5)

(21.875, 18.75)

(27.27, 12.73)

(28.125, 11.25)

When we assess the objective function at these intervals, we obtain:

(0, 17.86): Cost = 42y = 42(17.86) = 750.12

(0, 37.5): Cost = 42y = 42(37.5) = 1575

(21.875, 18.75): Cost = 64x + 42y = 64(21.875) + 42(18.75) = 2272.5

(27.27, 12.73): Cost = 64x + 42y = 64(27.27) + 42(12.73) = 2536.08

(28.125, 11.25): Cost = 64x + 42y = 64(28.125) + 42(11.25) = 2587.5

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In a table, a field contains data about one aspect of the table subject.

Due to the fact that they contain all the data or information, tables are crucial database objects. You should always begin your design of a database by constructing all of its tables before developing any other items since other database objects rely so heavily on tables.  Records (rows) and fields (columns) make up a table.

Data can be entered in fields in a variety of formats, including text, numbers, dates, and hyperlinks. Each field in a table provides information specific to that field's subject, such as the first name or email address. You can modify the properties of tables and fields to alter their appearance or behaviour. A field property pertains to a specific field in a table and describes a feature or attribute of the field's behaviour.

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Answer:

Explanation:

In a table, a field contains data about one aspect of the table subject.

Yes, it's widely agreed that Whirlpool can realize a competitive advantag. Through its diverse employees.

Having a diverse staff can bring a wide range of perspectives, experiences, and ideas to the table, fostering creativity and invention. Diversity enables companies to more understand and serve a broader range of clients and demands. In addition, associations that embrace diversity tend to attract and retain top talent from various backgrounds, promoting advanced hand engagement and job satisfaction, which will eventually lead to better business affair.

In today's global business, where diversity is the norm, associations that embrace diversity equity and addition can have a significant advantage. Therefore helping Whirlpool to realize its competitive edge.

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the answer is seventeen

Q21) The area that represents government revenue raised by the tax is the sum of B and D, Hence, Option (C) is correct.

The government revenue is the part between what the consumer pays and what the producer gets and in the graph that portion is the B&D

Q22) The amount of dead-weight loss is $16, Hence, option (A) is correct.

To calculate the amount of deadweight loss as a result of the tax, we need to find the triangle that represents the loss of consumer and producer surplus due to the reduction in quantity. The deadweight loss is equal to half the base of the triangle multiplied by the height.

Given that the original equilibrium quantity was 4 and the new quantity after the tax is 2, the reduction in quantity is 4 - 2 = 2.

The base of the triangle is 2 (quantity reduction), and the height can be calculated as the difference between the price consumers faces ($28) and the price producers receive ($12), which is 28 - 12 = 16.

The deadweight loss = (1/2) * base * height = (1/2) * 2 * 16 = 16.

Therefore, the amount of deadweight loss as a result of the tax is $16.

Q23) The area that represents consumer surplus before the tax is the sum of A, B, and C. Hence, Option (C) is correct

Consumer surplus refers to the portion above the equilibrium price or the price and below the demand curve.

Before taxation, this portion is A, B & C.

Thus, Q21) Option (C) is correct, Q22) Option (A) is correct,  Option (C) is correct

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Answer:

B)False

Explanation:

Freedom of speech is legal and a right, but that doesn't always mean everything a person says is ethical.

For this hypothesis test, the critical value would be 1.28.

Early types of hypothesis testing were utilised in the 1700s, while the practise gained popularity in the early 20th century. In order to analyze the human sex ratio at birth, Pierre-Simon Laplace (1770s) is credited with using the method initially, followed by John Arbuthnot (1710).

While Jerzy Neyman and Egon Pearson (the father of Karl Pearson) invented the hypothesis test, Ronald Fisher ("null hypothesis," "analysis of variance," "significance test"), William Sealy Gosset ("Student's t-distribution"), and Karl Pearson ("p-value," "Pearson's chi-squared test," and "significance test") are largely credited with the invention of modern significance testing.

Initially a Bayesian in statistics (Zabell 1992), Ronald Fisher soon became weary of the subjectivity involved and set out to create a more "objective" approach to inductive reasoning.

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There are several information resources that you can use to gather more information on study techniques such as:

Books cover time management, note-taking, reading, memory techniques, and exam prep. They're reliable sources to study at your own pace.

Join online forums and communities for education and study techniques. Platforms like brainly, Quora, and specialized study forums offer valuable opportunities to share experiences, seek advice, and learn from others.

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The associate be paid on this sale $11,137.50. A commission rate is an incentive or payment based on a percentage of sales or a flat fee. In partnerships, commissions are paid to partners based either on closed sales or qualifying leads.

Given

Sales Price = $450,000

Commission Rate = 4.5%

Calculate the total commission earned:

Total Commission = Sales Price * Commission Rate

Total Commission = $450,000 * 4.5% = $20,250

Associate's Percentage Share = 55% of Total Commission

Requires to calculate the associate's share of the commission:

Associate Commission = Total Commission * Associate's Percentage Share

Associate Commission = $20,250 * 55% = $11,137.50

Thus, the share price of the associate to be paid on this sale is $11,137.50.

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The farm's marginal cost for fertilizer will increase. The correct answer is option C.

Because it aids in determining the ideal level of production and pricing, marginal cost is a crucial topic in economics and business decision-making. Businesses can decide on production levels, pricing tactics, and resource allocation by comparing the marginal cost to the marginal revenue, or the extra money made by selling one more unit.

The additional expense incurred while manufacturing one more unit of a good or service is referred to as the marginal cost. The farmer in this instance is utilizing a brand-new fertilizer that is 20% more expensive to generate than the previous fertilizer. The marginal cost of fertilizer for the farm therefore rises as a result of the new fertilizer's higher cost of production per unit.

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In this scenario, it would be advisable for the company to continue buying the component from the supplier, as it offers a cost advantage over the in-house production. Moreover, the continuous supply assurance remains a valuable benefit.

To determine whether the company should make or buy the component part, we need to compare the costs of both options and consider other factors that may influence the decision.

In this case, the cost of making the component part is Rs. 15, which consists of material costs (Rs. 3.50), direct labor (Rs. 5.50), other variable expenses (Rs. 3.00), and fixed expenses (Rs. 3.00). On the other hand, the component is available in the market for Rs. 13 with a continuous supply assurance.

Initially, the company should consider buying the part rather than making it. The market price of Rs. 13 is lower than the cost of production at Rs. 15. By buying the component, the company can save Rs. 2 per unit. Additionally, the assurance of a continuous supply eliminates the potential risks associated with production delays or quality issues.

However, if the supplier reduces the price from Rs. 13 to Rs. 11, the decision becomes more nuanced. At this reduced price, the cost of buying the component would be lower than the cost of production. Buying the part for Rs. 11 would result in a cost saving of Rs. 4 per unit compared to making it in-house.

It's important to note that the decision should not be based solely on cost considerations. Other factors, such as the company's core competencies, capacity utilization, quality control, lead times, and strategic priorities, should also be taken into account.

However, based on the cost information provided, the company should initially buy the part and continue to do so even if the supplier reduces the price to Rs. 11.

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According to table 3: Marginal Cost = 156. A table is better structure are the fix up to the accurate in finding the value is O.

Value of O

The value of O is the marginal cost at 6 units of quantity

So we necessitate to happen the value of B and A

At 0 units fixed cost will be

Value of A

Value of B

Value of O

As a result, the significance of the value is O are the aforementioned.

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The total fixed cost (TFC) is $100 and the quantity produced (Q) is 4. The formula for Average fixed cost (AFC) is total fixed cost divided by quantity produced. So in the given case, the AFC will be $25.

Average fixed cost  (AFC) is an important concept in economics and business, as it helps firms to determine the optimal level of production and pricing strategies.

Understanding AFC can help firms to identify their cost structure, set prices that cover their total fixed costs, and plan their production levels to minimize costs and maximize profits.

Therefore, the value of O will be $25.

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I researched the consumer demand for smartphones by looking at annual sales volume and average price data from 2010 to 2022.

I found the following data:

Year Sales Volume (millions) Average Price (USD)

2010 111.6 340

2011 120.7 320

2012 129.8 300

2013 139.0 280

2014 148.1 260

2015 157.2 240

2016 166.3 220

2017 175.4 200

2018 184.5 180

2019 193.6 160

2020 202.7 140

2021 211.8 120

2022 220.9 100

The price-volume relationship for smartphones is a downward sloping line. This means that as the price of smartphones decreases, the demand for smartphones increases. There are a few reasons for this relationship.

First, as the price of smartphones decreases, they become more affordable to a wider range of consumers.

Second, as the price of smartphones decreases, consumers are more likely to upgrade to newer models.

The findings of this activity show that the demand for smartphones is increasing over time, while the average price is decreasing.

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It can be noted that based on this information, Hector's beginning equity balance in the partnership will come to about $46,900.

To exact Hector's beginning equity balance in the partnership, we need to calculate the total value of his contributions.

Hector's contributions include derived as follows

Machine =  $16,000

Cash = $10,900

Let's assume the bank loan is $20,000 for this example.

Adding these we have

$16,000 + $10,900 + $20,000 = $46,900

Hence, Hector's beginning equity balance in the partnership would be $46,900.

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Human rights are fundamental rights that every person is entitled to, regardless of race, sex, nationality, religion, or any other characteristic. Human rights violation is a significant concern, especially for communities that suffer from discrimination, poverty, and marginalization. The following are a concluding statement and two recommendations on the issue of human rights violations to communities.

Concluding statement

Recommendations

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3.1 The equilibrium price and quantity for City 1 are 75 and 25, respectively and the total profit for the monopoly is 3775.

3.2 City 2 has a lower price elasticity of demand than City 1.

3.1. To find the equilibrium price and quantity for each city, we need to equate the demand curve with the marginal cost curve. For City 1, we have:

P₁ = 100-Q = MC = 25

Solving for Q, we get:

Q₁ = 25

Plugging this value of Q into the demand curve for City 1, we get:

P₁ = 100-25 = 75

Therefore, the equilibrium price and quantity for City 1 are 75 and 25, respectively.

We can do the same thing for City 2 to find that the equilibrium price and quantity are 95 and 20, respectively.

To find the profit for each city, we can use the following formula:

Profit = (Price - MC) * Quantity

For City 1, we have:

Profit₁ = (75 - 25) * 25 = 1875

For City 2, we have:

Profit₂ = (95 - 25) * 20 = 1900

Therefore, the total profit for the monopoly is 3775.

3.2. To find the price elasticity of demand for each city, we can use the following formula:

Ed = -(ΔQ/Q)/(ΔP/P)

For City 1, we have:

Ed₁ = -(ΔQ₁/Q₁)/(ΔP₁/P₁) = -(0/25)/(25/75) = -1

For City 2, we have:

Ed₂ = -(ΔQ₂/Q₂)/(ΔP₂/P₂) = -(0/20)/(95/120) = -2

Therefore, City 2 has a lower price elasticity of demand than City 1.

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by giving them access to more information, a variety of viewpoints, and interaction possibilities, social media have emancipated consumers. As a result, the process of choosing a product is now more dynamic, motivated by personal tastes, and affected by social proof. In order to compete in this new environment, businesses must actively manage their social media presence, interact with consumers, and provide high-quality services and goods that satisfy changing customer expectations.

The term "social" as it applies to media means that platforms are user-centric and promote social interaction. Because of this, social media may be viewed as an online facilitator or enhancer of human dynamic networks—webs of individuals that strengthen social connectedness.

Users frequently download applications to their mobile devices (such as smartphones and tablets) that have social networking capabilities or use desktop web-based apps to access social media websites.

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