What are the levels of Demand forecasting
What are the levels of Demand forecasting?
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Demand forecasting has three different levels as follows: 1. Macro level: This demand forecasting is related to the business circumstances prevailing in the economy as an entire. 2. Industry Level: This is prepared by various trade associations in order to estimate the demand for exact industries products. Industry consists of number of firms. This is useful for inter- industry comparison.
3. Firm level: This is more significant from managerial view point as this helps the management in decision making regarding the firms production and demand.
The supply curve of labor which confronts a large but purely competitive industry is usually: (1) horizontal. (2) positively sloped. (3) backward bending. (4) vertical. (5) negatively sloped. Can a
Explain the decision making areas of the decision making.
Along two supply curves which are straight lines by the origin, the price elasticity of supply as: (w) is below 1 for all prices and quantities upon both curves. (x) is less for a given quantity beside the steeper curve. (y) equals on
Illustrates the important question regarding the managerial economics?
Who is the father of economics and what is wealth definition of economics?
Illustrates the area of decision making in Managerial / Business Economics?
The income effect of a small varies in the wage rate dominates the substitution effect for this worker at point: (w) point a. (x) point b. (y) point c. (z) point d. Q : Explain managerial economics as a tool Does managerial economics as a tool for decision making? Explain this term.
Does managerial economics as a tool for decision making? Explain this term.
Illustrates the managerial Economics according to Spencer and Siegleman?
By the following choices in this illustrated graph, this worker would be happiest at point: (w) point a. (x) point b. (y) point c. (z) point d. Discover Q & A Leading Solution Library Avail More Than 1423250 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1958098 Asked 3,689 Active Tutors 1423250 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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