--%>
Assignment Help - homework help

Describe the Long term Demand Forecasting

Describe the Long term Demand Forecasting.

E

Expert

Verified

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.

   Related Questions in Managerial Economics

  • Q : What are the various fields of Economics

    What are the various fields of Economics? Explain.

    		•
  • Q : Hiring more labor in profit maximization

    When a firm hires an additional worker who adds $100 worth of output daily, and adds $50 daily to the firm’s costs, in that case the firm must: (w) hire more labor. (x) hire less labor. (y) not change its employment of labor. (z) sell off some o

    		•
  • Q : Dominates substitution effect by wage

    The income effect of a small varies in the wage rate dominates the substitution effect for this worker at point: (w) point a. (x) point b. (y) point c. (z) point d.

    Q : Illustrates the term Law of Demand

    Illustrates the term Law of Demand? Answer: The law of Demand is termed as the “first law in market”. It shows the relation in between quantity and price

    		•
  • Q : Introduction of the term Break Even

    Give a brief introduction of the term Break Even Point. How does BEP aid in making business decision?

    		•
  • Q : Want exact answer answer written below

    answer written below is correct for the question detail exception of demand curve ?

    		•
  • Q : Maximizes profit by hiring labor A firm

    A firm maximizes profit through hiring labor at the point where labor’s: (1) marginal physical product equals its average physical product. (2) marginal revenue product equals its marginal resource cost. (3) rate of exploitation is greatest. (4)

    		•
  • Q : Wage rate at demand of labor When the

    When the wage rate price of $13, in that case this firm would hire slightly fewer than: (i) 600 workers. (ii) 700 workers. (iii) 800 workers. (iv) 900 workers (v) 1000 workers.

    Q : Gains from Exchange Can someone help me

    Can someone help me in finding out the right answer from the given options. Persons or nations that can outperform their competitors in all tasks enjoy: (1) Absolute benefits in all outputs. (2) Relative benefits in all outputs. (3) Comparative benefits in all outputs

    		•
  • Q : Technology advances in Economic Growth

    Can someone help me in finding out the right answer from the given options. The production possibilities frontier enlarges if: (i) The economy approaches full and proficient employment. (ii) Technology progress. (iii) Society's net demand for output i

    		•