One Reason for Using the Delphi Method in Forecasting Is

question 7

Multiple Choice

One reason for using the Delphi method in forecasting is:

• A) responses are anonymous.
• B) to achieve a high degree of accuracy.
• C) to maintain accountability and responsibility.
• D) to be able to replicate results.
• E) all of the choices are reasons.

Understand the balance between imports and exports in trade dynamics.

Assess the role of exchange rates in international trade.

Understand the effects of tariffs on international trade.

Analyze the impact of trade policies on consumer and producer surplus.

---

Definitions:

Viral Marketing

A marketing strategy that seeks to exploit social networks to produce increases in brand awareness or achieve other marketing objectives through a self-replicating viral process, like word-of-mouth.

Trade Promotions

Marketing activities directed at members of the distribution channel, such as retailers and wholesalers, to stimulate sales or support product introduction.

Direct Marketing

A type of advertising which allows businesses to communicate directly with customers through various media, including mail, email, texts, and social media.

Push Strategy

A marketing strategy that aims to push products toward consumers by convincing channel partners to feature products, thereby driving or creating consumer demand.