Using feedback from social media, companies can 'test the waters' with proposed price increases to avoid:
A)not making enough money
B)pricing backlash, similar to what Netflix experienced
C)selling the product through retail stores
D)customer support issues

Question

Quizplus · Accepted Answer

Using feedback from social media can help companies gauge customer reaction and potential backlash to proposed price increases. This can prevent a situation similar to when Netflix increased their prices and faced significant customer pushback. The other options are not directly related to using social media to test pricing strategies.

Using Feedback from Social Media, Companies Can 'Test the Waters