Describe the Long term Demand Forecasting
Describe the Long term Demand Forecasting.
Expert
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.
Illustrates the role of cost in pricing?
Differentiate between Private Cost and Social Cost.
Wages tend to increase while labor demand: (w) and supply both decrease. (x) decreases and supply increases. (y) and supply both raise. (z) increases and supply decreases. Please choose the right answer from above.
Illustrates the term Demand Function?
What are the types of business cycle?
When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a moving step to equilibrium at D1L, S0L would be probably to follow from increases in: (w) imports of this good by foreign competitors. (x)
Define the Revenue Concept in brief.
Occupations along with the highest percentage of women workers tend to: (1) pay the highest wages. (2) need relatively more human capital and experience. (3) pay the lowest wages. (4) require very small human capital or experience.
States the term Demand Analysis?
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
18,76,764
1928788 Asked
3,689
Active Tutors
1454895
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!