What Is the Term for a Computer-Simulated Environment That Can

question 154

Multiple Choice

What is the term for a computer-simulated environment that can be a simulation of the real world or an imaginary world?

• A)virtual reality
• B)augmented reality
• C)virtual workforce
• D)All of these are correct.

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Definitions:

Inventory Costs

Expenses associated with holding and managing goods or materials until they are sold or used, including storage, insurance, and spoilage costs.

Sales Forecasts

Predictions of the amount of a product or service that will be sold within a certain period of time, using historical sales data and market analysis.

Pull Strategy

A marketing approach that aims to create demand for a product or service among consumers, encouraging them to request the product from retailers, who then order it from the supplier.

Speculation

The act of trading in an asset, or conducting a financial transaction, that has a significant risk of losing most or all of the initial outlay, in the expectation of a substantial gain.