Which of the Following Is Not a Type of Judgmental

question 10

Multiple Choice

Which of the following is not a type of judgmental forecasting?

• A) Managerial opinion
• B) Sales force composite
• C) Time-series analysis
• D) The Delphi method
• E) Consumer market survey

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Definitions:

Purely Competitive

Refers to a market structure where many small firms sell identical products, entry and exit are easy, and no single seller can influence the market price.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer benefit.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, typically viewed as a measure of producer welfare.