Methods of Forecasting Environmental Change Fall into Two Broad Groups

question 44

Multiple Choice

Methods of forecasting environmental change fall into two broad groups. One group is primarily concerned with forecasting the future performance of the economy as a whole; the other group is more concerned with forecasting ______ for individual industries and products.

• A) sales
• B) cost
• C) inventory
• D) weather patterns
• E) None of above

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Definitions:

Elaboration Likelihood Model

A theory in social psychology that proposes two routes to persuasion: the central route and the peripheral route, based on the degree of thought and cognitive processing involved.

Central Route

A method of persuasion that entails thoughtful consideration of the arguments and content of a message.

Persuasive Messages

Communications designed to influence the attitudes, beliefs, or behaviors of the recipient through reasoning, appeal to emotion, or authority.

Local Election

The process of voting to select candidates for local offices within a municipality, region, or district, impacting community governance and policies.