Consumer Interview Survey method of Demand Forecasting
Explain the Consumer Interview Survey method of Demand Forecasting.
Expert
Consumer Interview method: In this method a list of potential buyers would be drawn and all buyers will be approached and asked regarding their buying plans. Such method is ideal and this gives firsthand information, but this is costly and complicated to conduct. It may be undertaken in three manners:
A) Complete Enumeration: Under this method, each consumer of the product is interviewed.
B) Sample survey: Under this method, a sample of consumers is chosen for interview. Sample may be Stratified sampling or random sampling.
C) End-use method: The demand for the product from various sectors like industries, consumers, import and export are determined.
answer written below is correct for the question detail exception of demand curve ?
Illustrates the differences between Sunk Cost and Incremental cost?
A market is improbable to be contestable when entry needs new firms to incur very high: (w) variable costs. (x) fixed costs. (y) principal-agent problems. (z) marginal costs. I need a good answer on the topic of Economics <
Explain about the term Recovery in phases of business cycle.
what are the criteria for good forecasting
Explain the steps for demand estimation.
All profit-maximizing firms will hire further labor up to the point where is the: (w) average physical product of labor equals the nominal wage. (x) last unit of labor adds equally to total revenue and total cost. (y) marginal product of labor is at i
States the term Shift in Demand?
Explain the term average fixed cost.
Define the term cost plus pricing.
18,76,764
1945174 Asked
3,689
Active Tutors
1433000
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!