The Forecasting Method Which Uses Anonymous Questionnaires to Achieve a Consensus

question 66

Multiple Choice

The forecasting method which uses anonymous questionnaires to achieve a consensus forecast is:

• A) sales force composites.
• B) consumer surveys.
• C) the Delphi method.
• D) time-series analysis.
• E) executive opinions.

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Definitions:

Producer Surplus

The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.

Market Equilibrium

A situation where the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable market price.

Deadweight Loss

A reduction in economic effectiveness that happens when a good or service doesn't reach or cannot reach equilibrium.

Price

The monetary value attached to a product or service, determined by the interaction of supply and demand.