Describe the Long term Demand Forecasting
Describe the Long term Demand Forecasting.
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It forecasting is meant for long period. The significant purpose of long term forecasting is specified below:
1. Planning of expansion of existing or a new unit on the basis of analysis of long term potential of the product demand.
2. Planning long term financial requirements on the basis of long term sales forecasting.
3. Planning of manpower requirements can be made upon the origin of long term sales forecast.
4. To forecast future problems of energy crisis and material supply.
Explain the assumptions of Law Diminishing Returns.
States the Demand Forecasting in terms of production?
Illustrates the Regression and Correlation statistical method of Demand Forecasting?
Define the term unitary elastic.
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
When total variable cost exceeds total revenue whatever output levels but a perfectly competitive firm: w) must produce in the short run. x) is making short-run profits. y) must shut down in the short run. z) has shel
What are the advantages and disadvantages of trend projection method?
The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou
What is the Evan J Douglas’s definition of Managerial economics?
When, for a specified output level, an absolute or perfectly competitive firm's price is less in that case its average variable cost, so the firm: w) is earning a profit. x) must shut down. y) must increase output. z) must increase price. Discover Q & A Leading Solution Library Avail More Than 1418297 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947918 Asked 3,689 Active Tutors 1418297 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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