The Key in Using Expert Opinion to Help Forecast Demand

question 67

Multiple Choice

The key in using expert opinion to help forecast demand is ________; that is, comparing estimates produced by different sources.

• A) indemnification
• B) simulation
• C) morphing
• D) modeling
• E) triangulation

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Definitions:

Company Specificity

Refers to the unique characteristics, resources, and capabilities that differentiate a company from its competitors, often driving competitive advantage.

Sustainable Competitive Advantage

An advantage over competitors gained by offering consumers greater value, either through lower prices or by providing more benefits and services that justify higher prices.

Strategic Objective

Long-term goals that an organization seeks to achieve, which are designed to guide its direction and decision-making processes.

Quarterly Earnings

The financial performance of a company over a three-month period, often reported to the public and used as an indicator of its economic health.