A Prediction Market Involves

question 43

Multiple Choice

A prediction market involves:

• A) leveraging customers to virally promote a firm's products or services.
• B) aggregating the opinions of a specialized group of experts who analyze a problem and suggest solutions.
• C) making calculated estimates on the prices of goods and services based on the speculation of a group of experts.
• D) polling a diverse crowd and aggregating opinions to form a forecast of an eventual outcome.
• E) trading on essential goods and services with a view of making a profit by hiking prices at a time of high demand.

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Definitions:

Inventory Planning

The process of determining the optimal quantity and timing of inventory for the purpose of aligning it with sales and production capacity.

Supply Chain Management

Connecting and integrating all parties or members of the distribution system in order to satisfy customers.