What is Demand Forecasting
What is Demand Forecasting?
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Demand Forecasting considers to an estimate of future demand for the product. This is an “objective assessment of the future course of demand”. This is necessary to distinguish in between forecast of sales and forecast of demand. Sales forecast is significant for estimating revenue, cash expenses and requirements. Demand forecast associates to production inventory control, reliability of forecast and timing.
Economic efficiency for all consumption and production choices would guarantee getting the social objectives of: (w) equality of income distribution. (x) employment and educational opportunities for all. (y) enhanced environmental quality. (z) None of
What are the characteristics of a business cycle?
demand has three essentials-damand+purchasing power+.???
A firm which is a price taker in the labor market will hire labor to the point where the wage rate is equals labor’s: (w) average output. (x) marginal revenue product. (y) average revenue product. (z) marginal physical product.<
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The knowledge gained while an Apple employee learns a specialized technique on an iPod assembly line is an illustration of: (w) comparative technological advantage. (x) specific training. (y) on-the-job leveraging. (z) general training. Q : Difference between average cost and What are the difference between average cost and total fixed cost?
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