Which Phrase Most Closely Describes the Delphi Forecasting Technique

question 8

Multiple Choice

Which phrase most closely describes the Delphi forecasting technique?

• A) Consumer survey.
• B) Individual opinions.
• C) Rounds of anonymous data collection.
• D) Test markets.

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Definitions:

Diffusion Curve

A graph that represents the rate at which a new innovation is adopted by users over time, typically resembling an "S" shape.

Product Life Cycle

The stages through which a product goes from its introduction into the market, through growth and maturity, and eventually into decline.

Dynamically Discontinuous Innovations

Innovations that significantly alter the market dynamics or how consumers interact with a product or service category.

Discontinuous Innovations

Innovations that introduce a fundamental change by creating entirely new markets or revolutionizing existing ones, often disrupting the status quo.