E-Commerce & Social Networking

As we have already seen E-Commerce is a fastest growing part of the economy.  With the rapid expansion of facebook and other social networking websites.  Business have realised that one way of reaching customers is by using social networking sites.  As customer have shown is surveys that they are more likely to buy a product that other friends say is good.

Task
Read the article below and look at the slides for a presentation about marketing on Facebook and explain how these two will effect how Companies will need to develop an on-line presence to survive in the future.