Many companies are looking to customers and society for assistance in marketing their products since word-of-mouth is a powerful tool. Explain in one paragraph how a company can use crowdsourcing to improve their marketing of the company and the products or services that the company sells.
In the second paragraph, explain how crowdsourcing can create a competitive advantage for the company.
Lastly, explain how a company can track the ROI of such a strategy since the company is still trying to increase sales beyond improving the company or brand image.

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?