Illustrates the types of Demand Forecasting
Illustrates the types of Demand Forecasting?
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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.
What are the tools and techniques for demand estimation?
Explain the term relatively inelastic demand.
Explain the aspects of operational or internal issues.
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Explain the marginal input-output relationship in short run and long run.
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Suppose that price is greater than average variable cost. When a perfectly competitive seller is producing at an output therefore price is $11 and the marginal cost is $14.54, in that case to maximize profits the firm must: w) continu
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. Discover Q & A Leading Solution Library Avail More Than 1456253 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1935992 Asked 3,689 Active Tutors 1456253 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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