Illustrates the types of Demand Forecasting
Illustrates the types of Demand Forecasting?
Expert
Based upon planning requirements and the time span of business firms, demand forecasting can be categorized as given below:
Short term demand forecasting:
Short term Demand forecasting is restricted to short periods, generally for one year.
Long term demand forecasting:
It is meant for long period.
Give a brief introduction of the term Break Even Point. How does BEP aid in making business decision?
When we try to list labor supplies from least elastic to most elastic, in that case the most accurate ranking would most likely be: (1) competitive firm, minute industry, highly skilled occupation. (2) economy, skilled occupation, competitive firm wit
States the implicit cost concept briefly.
As per most conventional theories of the labor market, the: (w) supply curve of labor is positively sloped since higher wages attract additional workers in the labor market. (x) firms should contend with increasing returns from additional employment.
If the wage rate increases from $25 per hour to $40 per hour, in that case the elasticity of the supply of labor from this worker is roughly: (i) zero. (ii) 7/15. (iii) 13/15. (iv) one. (v) minus 13/15. Q : Explain the Opinion Survey method of Explain the Opinion Survey method of Demand Forecasting.
Explain the Opinion Survey method of Demand Forecasting.
A government-supported literacy program provided from a firm which primarily employs unskilled labor is an illustration of an investment in: (1) human capital depreciation. (2) business paternalism. (3) specific training. (4) laissez-faire economics.
When a firm gives substantial general training to specific workers: (i) it is probable to pay them a premium wage to cut labor turnover. (ii) the workers are likely to receive less pay than their VMPs after such training. (iii) the workers are most pr
When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a moving step to equilibrium at D1L, S0L would be probably to follow from increases in: (w) imports of this good by foreign competitors. (x)
Explain the Exceptional Demand Curve.
18,76,764
1926982 Asked
3,689
Active Tutors
1423725
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!