Illustrates the Expert Opinion method of Demand Forecasting
Illustrates the Expert Opinion method of Demand Forecasting?
Expert
Expert Opinion: Apart from consumers and salesmen, distributors or outside professionals may also be used for forecast. Firms in advanced countries as USA and UK, utilize outside experts for estimating future demand. Different public and private agencies sell periodic forecast of long or short term business conditions.
Technological advances because the starting of the twentieth century has: (w) removed the limits on our ability to produce. (x) removed the problem of scarcity. (y) expanded our capability to produce. (z) raised the use of resources for production. Q : Illustrates the criteria for good Illustrates the criteria for good forecasting method?
Illustrates the criteria for good forecasting method?
Explain the assumptions of Law Diminishing Returns.
At any price of, the demand for a resource is fewer elastic the: (w) easier this is to substitute other resources for this. (x) harder this is to substitute other resources for this. (y) more elastic the demand for the output this produces. (z) greate
Explain about input output table method.
States the term Shift in Demand?
Explain the pricing under price leadership.
Along a supply curve for an individual’s labor, there the income effect tends to rise the: (1) supply of work as wages reduce the number of people a firm will hire. (2) demand for leisure as the wage rate and income raise. (3) l
Describes the definition of Managerial economics according to Douglas?
Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.
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