Illustrates the factors affecting Demand Forecasting
Illustrates the factors affecting Demand Forecasting?
Expert
The given are the significant factors governing demand forecasting as follows:
1. Prevailing Business circumstances (per capita income, price level change and consumption pattern, employment and saving, investments).
2. Condition in the Industry (as Price product competition policy of firms in the industry).
3. Condition in the firm. (Like Plant capacity, significant policies of the firm and quality).
4. Factors influencing Export trade (as EXIM control, terms of export, EXIM policy and export finance)
5. Market behaviour
6. Sociological circumstances (as Population details, family lifecycle, age group, family income, education and social awareness.)
7. Psychological circumstances (habit, taste, attitude, culture, perception and religion)
8. Competitive circumstance (as competitive condition in the industry).
I have a problem on perfectly price elastic supply curve that is given below: A perfectly price elastic supply curve is: (w) vertical. (x) horizontal. (y) positively sloped. (z) negatively sloped. Q : Illustrates the significance of Illustrates the significance of elasticity?
Illustrates the significance of elasticity?
Illustrates the factors governing prices and pricing decision in briefly?
An investment in specific human capital arises while: (w) Chandra learns Japanese to be eligible for a potential job in Tokyo. (x) Chele has a face lift so she can increase her fees for high-fashion modeling. (y) Chelsea practices playing a harp and a
The demand curve for labor can be demonstrated as a negative relationship between: (w) the quantity of labor demanded and the wage rate. (x) labor productivity and the quantity of labor used. (y) employment and output. (z) wages and GDP.
Job applicants make use of polished resumes explaining education, work experience and skills, accompanied from supportive letters of recommendation letters like tools in a process economist’s call: (1) adverse selection. (2) signaling. (3) human
A purely competitive resource market shows that an individual firm faces a resource supply curve which is: (w) perfectly inelastic. (x) perfectly elastic. (y) downward sloping. (z) backward bending. Q : Consuming extra units of goods The The observations that whenever output is expanded, the costs ultimately grow faster than output, and that the enjoyment people receive from consuming additional units of a specific good ultimately declines, both pursue logically from the law of: (1) Unexpected effects
The observations that whenever output is expanded, the costs ultimately grow faster than output, and that the enjoyment people receive from consuming additional units of a specific good ultimately declines, both pursue logically from the law of: (1) Unexpected effects
Explain the forecasting demand for a new product.
Wage payments like a proportion of total production cost are positively associated to the: (1) ease of substitution between capital and labor. (2) wage elasticity of demand for labor. (3) extent of automation in the industry. (4) human capital created
18,76,764
1937674 Asked
3,689
Active Tutors
1432691
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!