At Various Times, the Terms Social Forecasting, Futures Research, and Environmental

question 15

Multiple Choice

At various times, the terms social forecasting, futures research, and environmental scanning have been used to refer to

• A) public affairs management.
• B) stakeholder analysis.
• C) probability-diffusion analysis.
• D) issue identification.

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Definitions:

Price Effect

The impact on demand when the price of a product or service changes, influencing consumers' buying decisions.

Marginal Cost

The additional expense required to produce an extra item or unit of output, emphasizing its role in economic decision-making.

Fixed Cost

A cost that does not change with the amount of goods or services produced, such as rent, salaries, or loan payments.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often illegal or regulated by law.