Gray Market Refers to

question 117

Multiple Choice

Gray market refers to

• A)the segment of products specifically designed for the need of older buyers.
• B)a situation where products are sold through unauthorized channels of distribution.
• C)a once active and powerful market that is rapidly becoming the bottom of the barrel.
• D)a pricing structure that is based upon "not-quite-clear" price negotiations or "haggling" that is considered acceptable in some countries but not others.
• E)the willingness of one party to accept "gifts" in exchange for better prices or price allowances.

---

Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Linear Programming

A complex mathematical procedure commonly used for project analysis in engineering and business applications; it can determine an optimum or best-supply mix solution to minimize costs or other constraints.

Probabilistic Programming

A programming paradigm concerned with the development of software and algorithms that reason and infer probabilities.

Stochastic Programming

A framework for modeling optimization problems that involve uncertainty.