Generating Insights Leading to Actions Based on Massive Numbers of Peoples

question 91

Multiple Choice

Generating insights leading to actions based on massive numbers of peoples' ideas is called __________.

• A)braining storming
• B)group think
• C)crowdsourcing
• D)outsourcing
• E)field sourcing

Comprehend the concept of inferior and normal goods and how income changes impact demand.

Recognize how various factors such as income, prices of related goods, and changes in tastes or population can shift the demand curve.

Grasp the relationship between the price of goods and the quantity demanded according to the law of demand.

Understand the concept of market demand and how it is derived from individual demands.

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Definitions:

Quoting

The act of repeating or copying the exact words from another source, typically with acknowledgment of that source.

Paraphrase

The act of rewording or rephrasing a text or passage to achieve clearer understanding, often to simplify or clarify the original message.

Secondary Source

Information that was created later by someone who did not experience first-hand or participate in the events or conditions being researched.

Paraphrasing

The act of rewording or rephrasing text or speech to clarify its meaning or to present it in a different manner, while retaining the original message.