1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
- What stood out to me the most was the Marketing Research Question. This will come in handy in a future assignment when I have to contact people who work in the same field as my product idea.
2) Identify at least one part of the reading that was confusing to you.
- The models for Pricing in Social Media are a bit confusing.
3) If you were able to ask two questions to the author, what would you ask? Why?
- For starting or young businesses is it recommended to hire a person to predict sale forecasts?
- Has the marketing industry been suffering since social media has given entrepreneurs the ability to make and market their products for free?
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
- The only part I disagreed with was when the author mentioned that new businesses have constrained resources. Now a days you can run a business at home and use social media websites such as Epsy and Instagram to share their products. Entrepreneurs no longer need to have a store!
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