Illustrates the Expert Opinion method of Demand Forecasting
Illustrates the Expert Opinion method of Demand Forecasting?
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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.
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. Q : Explain the business decision based Explain the business decision based upon income elasticity.
Explain the business decision based upon income elasticity.
What is the difference between economics and managerial Economic?
Illustrates the Law of Returns to scale?
A cartel is more likely to succeed and survive when: (w) members respond to incentives to cheat. (x) fringe producers are not members. (y) total market demand is less elastic. (z) close substitute goods are simply developed. Q : Average wages for workers Average 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.
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.
How many types are of price elasticity of demand?
Explain Exceptional Demand Curve.
Explain the Trent projection statistical method of Demand Forecasting.
Explain the decision making areas of the decision making.
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