According to the Theory of the Wisdom of Crowds, Under

question 104

Multiple Choice

According to the theory of the wisdom of crowds, under the right circumstances ________.

• A) a mass market approach is favorable to a target market approach
• B) a target market approach is favorable to a mass market approach
• C) groups are smarter than the smartest people in them
• D) companies can make money by giving their products away for free
• E) consumers can generate value

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Definitions:

Auditory Receptors

are sensory cells located in the inner ear that convert sound waves into electrical signals, which are then interpreted by the brain as sound.

Cochlea

A snail-shaped, fluid-filled organ in the inner ear, containing the organ of Corti, where the receptors for hearing are located.

Middle Ear

The part of the ear between the eardrum and the oval window that amplifies sound waves and transmits them to the inner ear.

Sensory Adaptation

The reduction or disappearance of sensory responsiveness when stimulation is unchanging or repetitious.