--%>
Assignment Help - homework help

Illustrates the factors affecting Demand Forecasting

Illustrates the factors affecting Demand Forecasting?

E

Expert

Verified

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).

   Related Questions in Managerial Economics

  • Q : Explain the business decision based

    Explain the business decision based upon income elasticity.

    		•
  • Q : Change in derived demand A change in

    A change in derived demand has most clearly occurred when: (1) poker playing increases in popularity since the World Series of Poker is televised. (2) housing sales decline during recessions. (3) ski sales increase when the snow begins to fall in Octo

    		•
  • Q : Explain the Opinion Survey method of

    Explain the Opinion Survey method of Demand Forecasting.

    		•
  • Q : Illustrates the Income Elasticity of

    Illustrates the Income Elasticity of Demand?

    		•
  • Q : Determine perfectly competitive firm

    When total variable cost exceeds total revenue whatever output levels but a perfectly competitive firm: w) must produce in the short run. x) is making short-run profits. y) must shut down in the short run. z) has shel

    		•
  • Q : Finance and Economics Activity dear

    dear Please read carefully about in structure and requirement of the assessment. I need quality work with academic writing with less than 5% similaraies and make sure if any studens ask same assessment to avoid plagiarism

    		•
  • Q : Forecasting demand what are the

    what are the criteria for good forecasting

    		•
  • 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 : Describe the Long term Demand

    Describe the Long term Demand Forecasting.

    		•
  • Q : Average Benefits in Human Capital and

    Throughout the past 50 years in the United States, there the average gains in lifetime income related along with having a college degree in addition to a high school diploma have: (1) declined since the larger proportion of the population that is college educated has

    		•