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).
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.
Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o
What is social cost of production?
The supply curve of labor is LEAST probable to be “backward bending” for: (1) an individual worker. (2) the economy as a whole. (3) highly specialized industries which are main employers of dedicated PhDs hired only after
what is that policy that talks about not changing the policy frequently?
Illustrates the causes of business cycle?
Define the term cost plus pricing.
Provide a brief introduction of the term Margin of Safety?
Refer to figure as sketched below. Why is the total revenue curve a ray from the origin: w) since revenue increases at an increasing rate. x) since revenue increases at a decreasing rate. y) since the firm can sell its product at a constant price. z) since the firm sh
Explain the meaning of price.
18,76,764
1955929 Asked
3,689
Active Tutors
1446995
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!