Multiple Choice
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) competitive
C) social
D) technological
E) regulatory
Correct Answer:
Verified
Correct Answer:
Verified
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