Explain about the term survey techniques
Explain about the term survey techniques.
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Survey Techniques:
It is one of the simplest forecasting devices are to survey business firms or persons and to find out what they believe will arise is survey techniques. In survey techniques, mailed questionnaires and interviews are used for forecasting elements. These are useful in making short-term forecasts. Such techniques may be utilized for forecasting the overall level of economic activity or several special portion of this or they may be used in the firm for forecasting future sales.
Provide a brief introduction of the term Margin of Safety?
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Illustrates the opinion of Samuelson for explaining Law of Demand?
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Help to achive the other objectives of the firm like industry leadership,expansion implementation of policies
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