The Delphi Method Is Best Used When Forecasting ________

question 31

Multiple Choice

The Delphi method is best used when forecasting ________.

• A) customer demand
• B) technological change
• C) correlations between events
• D) future economic conditions

---

Definitions:

Quantity Discounts

Price reductions offered to buyers purchasing in large volumes.

Two-part Pricing

A pricing strategy that involves charging a fixed fee plus a variable usage fee, often seen in services like telecommunications and utilities.

Bundle

A collection of goods or services sold as a single package, often for a discounted price compared to purchasing the items separately.

Sequential Game

A strategic interaction in which players make decisions one after another, with later players having knowledge of the previous actions.