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Kevin Pinker is a freelance computer programmer who writes computer algorithms for companies such as SoftStar and BlueHill. SoftStar and BlueHill use these algorithms to make specific programs based on online market research. These programs are then sold to the online retailer, Abundon, which then sells them to individual consumers and businesses. Which of the following is a marketing intermediary in this chain?
Market Risk
The possibility that investors might incur losses because of elements influencing the general performance of the financial markets.
Informationally Efficient
A market condition where all existing information is completely accounted for in stock prices, thereby eliminating the possibility of consistently securing above-average profits.
Random Walk
A statistical theory suggesting that stock market prices evolve according to a random path, making future movements unpredictable based on past trends.
Stock Market
An aggregate for buyers and sellers of stocks, which represent ownership claims on businesses; includes stock exchanges, over-the-counter markets, and electronic trading platforms.
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