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.
The supply of labor within a perfectly competitive market is: (w) an upward sloping curve. (x) a horizontal line. (y) above the MRC. (z) below the MRC. Hello guys I want your advice. Please recommend some views for
Categorized the Positive income Elasticity?
Illustrates the environmental or external issues.
When the income effect of a higher wage rate is extremely powerful in that case the substitution effect, the: (1) supply curve of labor will be positively sloped. (2) demand for leisure increases like income rises. (3) human capital effect is stronger
Increases within the wage rate all the time: (w) lack impact on the relative price of leisure. (x) increase the relative price of leisure. (y) decrease the relative price of leisure. (z) increase the quantity of individual labor supplies.
Explain the welfare definition of economics? Why is it criticized?
Please help me to solve the problem of economic that is given below: Economic capital would comprise: (w) corporate bonds. (x) money. (y) machinery. (z) sports cars. Can someone
Give a brief introduction of the term P/V ratio and Contribution?
I have a problem in economics on Resources. Please help me in the following question. The depletion of the fossil fuel reserves will cause the world’s production possibilities frontier to shift: (i) Outward and decrease capacity
An investment in human capital is most obviously illustrated while: (1) Biff Biceps lifts weights before going to the beach to surf. (2) Cary Coffee drinks four cups of latte before going to work. (3) Pollyanna reads Harlequin Romance novels within he
18,76,764
1953400 Asked
3,689
Active Tutors
1451846
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!