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determine the law of demand curvethe law of demand can also be presented through a curve known as demand curve demand curve is a locus of points
why does the demand curve slope downwardsas figure above demonstrates demand curve slopes downward to the right downward slope of the demand curve
because of the complex and dynamic nature of marketing phenomenon demand forecasting has become a regular and significant business exercise it is
substitution effect on law of demandwhen price of a commodity falls it becomes comparatively cheaper if price of all other related goods particularly
market research operations to obtain reliable and relevant information about the trends in market a data analysing and processing system to estimate
drafting of production policy demand forecasts assists in drafting appropriate production policy so that there may not be any space between future
drafting of price policy demand forecasts assist the management to prepare a few appropriate pricing systems so that level of price doesnt fall and
appropriate management of sales demand forecasts are made area wise and after that sales targets for various areas are set in view of that this helps
determine the income effect of law of demandas a result of fall in the price of a commodity real income of its consumer increase at least in terms of
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