HOW BUSINESS' CAN USE FACEBOOK?

1. Suppliers

1.1. Prices of Inventory/Stock

1.2. Specials and sales

1.3. Post details when suppliers have changed location or contact details

1.4. Inform business about their outstanding balance

1.5. Send reminders for business to pay

2. Technology

2.1. Get infomation about new production techniques

2.2. Get infomation about new innovations that will decrease production cost

3. Competitors

3.1. Know what they are offering

3.2. Know their prices

4. Custmers

4.1. Inform them about prices

4.2. Inform them about new products available

4.3. Inform them about special discounts and sales

4.4. Can provide an updated statement of debt for each individual customer

5. Marketing

5.1. Run surveys to get infomation about consumer preferences

5.2. Promoting Their products or services