Social media is a new and powerful tool to increase customer values and company's profitability

Question

Quizplus · Accepted Answer

Social media has revolutionized the way companies interact with their customers and have provided new opportunities to increase customer engagement and loyalty, which in turn leads to higher profitability. With targeted social media marketing, companies can reach a wider audience at a lower cost, build relationships with customers through personalized interactions, and create brand awareness in new markets. This can ultimately increase customer satisfaction and encourage repeat business, ultimately leading to increased profits for the company.

Social Media Is a New and Powerful Tool to Increase