--%>
Assignment Help - homework help

Explain about the term survey techniques

Explain about the term survey techniques.

E

Expert

Verified

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.

   Related Questions in Managerial Economics

  • Q : Explain the decision making areas of

    Explain the decision making areas of the decision making.

    		•
  • Q : Explain the Arc Method of Measurement

    Explain the Arc Method of Measurement of Elasticity.

    		•
  • Q : Demand for labor in competitive firm

    Demand for labor of this purely competitive firm in given figure corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg.

    Q : Income Effects and Substitution Effects

    When the substitution effect of a higher wage rate is more powerful than the income effect, in that case the: (1) supply curve of labor will be positively sloped. (2) demand for leisure increases as income rises. (3) human capital eff

    		•
  • Q : Concept of derived demand The concept

    The concept of derived demand means that: (w) consumer demands for goods depend on the utilities received from their use. (x) firms’ demands for resources depend upon consumer demands for the goods produced. (y) governmental demands for social g

    		•
  • Q : Increases in labor force participation

    When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a move to equilibrium at D0L, S1L would be probably to follow from increases in: (w) rates of technological advance. (x) the cost of living. (y) labor force participati

    		•
  • Q : Substantial general training in firm A

    A firm which provides its workers along with substantial general training tends to: (1) retain such individuals by paying them the relatively highest wage premiums. (2) require workers to sign legal contracts of peonage and indenture. (3) increase wor

    		•
  • Q : Illustrates about the Barometric

    Illustrates about the Barometric techniques?

    		•
  • Q : Value of the Marginal Product The value

    The value of marginal product of a variable resource is marginal physical product of it multiplied with: (w) the marginal revenue from the sale of its addition to output. (x) its cost. (y) the price of the product. (z) one.

  • 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?

    		•