Define the term business forecasting briefly
Define the term business forecasting briefly.
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Business Forecasting:
A forecast of sales of based on economic forecasts. It is since the sale of almost every firm is affected through the state of general business. Era of depression and boom have an effect on the sales value. Sales might be at a raise during the prosperity although might decline throughout the depression.
The businessman must take in consideration the business cycle he is facing hence he can have an effective forecast of sales. The significant methods of forecasting are as follows: (a) Trend Projection (b) Leading Indices and (c) Econometric Models.
Production takes place while: (w) resources are transformed within inputs. (x) goods are transformed in raw materials. (y) inputs are transformed to create them more valuable. (z) capital depreciates. Please choose
Most economists would categorize the bulk of the funds spent upon your college education like: (1) an investment in human capital. (2) financial capitalization. (3) consumption. (4) specific training. (5) personal saving. Please gu
A firm is probably to reduce the number of workers this employs when there are: (i) reductions in the wage rate. (ii) increases in the price of the output. (iii) accumulations of specific training from workers. (iv) technological advances which encourage automation. (
The arc elasticity of Plastibristle’s demand for labor between point a and point b is: (1) 0.375. (2) 0.667. (3) 0.833. (4) 1.200 (5) 2.000. Q : Elasticity of supply of labor by If the wage rate increases from $10 per hour to $25 per hour, then the elasticity of the supply of labor from this worker is roughly: (1) zero. (2) 7/15. (3) one. (4) minus 8/15. Q : Explain managerial economics as a tool Does managerial economics as a tool for decision making? Explain this term.
If the wage rate increases from $10 per hour to $25 per hour, then the elasticity of the supply of labor from this worker is roughly: (1) zero. (2) 7/15. (3) one. (4) minus 8/15. Q : Explain managerial economics as a tool Does managerial economics as a tool for decision making? Explain this term.
Does managerial economics as a tool for decision making? Explain this term.
The relationship between the elasticity of demand for labor and the elasticity of demand for a specific type of output the labor produces is: (1) uniformly negative. (2) uniformly positive. (3) zero. (4) curvilinear. (5) highly variab
Nick responds “help wanted” that ads by making phone calls and scheduling interviews. If a prospective employer asks for a resume and queries Nick regarding his references and skills, in that case the firms are practicing an illustration of: (i) signaling.
When this purely competitive labor market is firstly in equilibrium at D0L , S0L , an increase into labor force participation rates will result within equilibrium being attained at: (w) D0L , S0L . (x) D
Short run total revenue of the purely competitive firm would be at a maximum along with: (1) 600 workers. (2) 700 workers. (3) 800 workers. (4) 900 workers (5) 1000 workers. Discover Q & A Leading Solution Library Avail More Than 1424857 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1960801 Asked 3,689 Active Tutors 1424857 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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