--%>

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 : Illustrates definition and meaning of

    Illustrates the definition and meaning of managerial economics?

  • Q : Persuade competitors by cartel member

    When a cartel member can persuade competitors to keep the cartel price but secretly give a discount price to certain customers, profits will rise: (w) for all members of the cartel. (x) since price cuts are only given to assigned customers. (y) as a result of an incre

  • Q : Explain the role of demand factor in

    Explain the role of demand factor in pricing briefly.

  • Q : Real business practices and traditional

    Illustrates the ways in managerial economics bridges between real business practices and traditional economic theory?

  • Q : Define the difference between

    Define the difference between accounting and economic cost.

  • 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 : How most goods and resources are

    In countries employing decentralized markets for nearly all decision making: (1) Private individuals select how most resources and goods are allocated. (2) Nonhuman resources should be individually owned. (3) Elaborate economic plans are planned and enforced by law. (

  • Q : Techniques of economic forecasting

    Illustrates the techniques of economic forecasting in briefly?

  • Q : Formulate the Cross Elasticity of demand

    Formulate the Cross Elasticity of demand?

  • Q : Value of Marginal Product of Labor The

    The social value of the extra output by additional units of labor is: (1) marginal revenue product of labor. (2) price of labor. (3) average revenue product of labor. (4) value of the marginal product of labor. (5) marginal resource cost of labor.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1426980 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1923840
    Asked

    3,689

    Active Tutors

    1426980

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.