Question

Ways in which social media can impact negatively on citizens making informed decisions about foreign owned businesses in a country

Answer 1

There are many ways social media can adversely affect any foreign-owned business in a country.

Explanation:

• One of the major ways is negative reviews these can lead to slow sales or can repel any potential customers.

• When such negative posts keep on pilling up on social media this results in damaging the overall reputation or image of any business/brand hence people will refrain from buying their products.

• However, a huge business can handle this bad press easily but a small business can get ruined entirely and will completely shut down.  

• Nowadays, people buy products from any foreign or local business on the basis of reviews, ratings, etc.

Answer 2

Negative effects of social media on foreign owned businesses

Explanation:

Social media can shape opinions. It is an easy tool to defame a company or product and bring down its market value. It recently happened in India and US. In both countries the countries accused Chinese app Tiktok of sharing data with Chinese government.

Various content was widely circulated over social media that called for uninstalling such foreign apps as they were a threat to privacy. It  affected the apps rating on google play  store. Another social media company launched similar features and it was hit among the netizens. So we can say that social media can easily affect citizens decisions about foreign owned businesses in a country.