One of the earliest examples of social media's impact on a brand occurred with Kryptonite,which has been a leading producer of bicycle locks for more than three decades.How was this firm impacted by social media?
A) Users contacted the company about sponsoring a bike competition and this led to social media product endorsements by all types of different companies.
B) Users posted videos showing how the bike lock could be employed for other uses around the house,and this led to an increase in company sales.
C) Kryptonite enjoyed steady sales until negative product reviews on Yelp and YouTube drastically reduced company sales,causing the firm to go out of business.
D) Users posted videos showing how the company's bike locks could be opened with a pen and this forced the company to change its design.
E) Kryptonite was a little-known brand until social media users began raving about the company products,leading to an unprecedented increase in sales.
Correct Answer:
Verified
Q37: On the store shelf at Walgreens,there are
Q38: A strategy in which two or more
Q39: What type of research involves asking consumers
Q41: Which of the following shows how social
Q43: Over 40 percent of U.S.shoppers say that
Q44: All of the activities of designing and
Q45: All of the following are ways listed
Q46: According to your text,social media can support
Q47: Tiffany is well-known as a luxury brand
Q50: The strategy to recapture lost sources of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents