MIS 200 hw2

Formatting Guidelines:  Use Microsoft Word  Use a standard 12-point size font (e.g. Times New Roman, Arial)  Single Space  Insert page numbers  Proofread and spell check and references/citations(if any)  Be sure to include a cover page (your name, course, section #, today’s date and assignment #)

The Business of Social Media and Making the ROI Read Closing Case Study Two (The Business of Social Media and Making the ROI) on page 60 (Chapter 2) and answer the following FOUR questions: a. Let’s suppose your current annual sales are $1 million. You implement social media strategy and begin generating $200,000 in revenue through your Facebook page. At the end your sales are still $1 million. Was your social media strategy successful? Why or Why not? b. Every social media strategy costs money to implement and there are a few of those costs listed in the case study. Identify a few other costs that you think are associated with social media. Briefly describe them and classify them as fixed costs or variable costs. c. Suppose you have a successful business with a well-liked product. One day something goes wrong and you ship 100,000 defective products. Almost the entirety of your customer base is disgruntled. What social media strategy would you employ to help? Why? d. Would you be better off by just “waiting for it to get over” or “by sticking your head in the sand”? Why?

ps:I will upload the page 60, plz follow the instruction