Advantages and Disadvantage of Naïve Method
What are the advantages and disadvantage of naive method?
Expert
Advantages of Naïve Method:
a) This is easy method.
b) This is less expensive
c) This is appropriate small firms
Disadvantage of Naïve Method:
a) This is not a scientific method. And
b) This is not all the time reliable.
Illustrates about the Barometric techniques?
Explain the term business cycle in brief.
Provide a brief introduction of the term Margin of Safety?
A firm is probably to reduce the number of workers this employs when there are: (i) reductions in the wage rate. (ii) increases in the price of the output. (iii) accumulations of specific training from workers. (iv) technological advances which encourage automation. (
States the determinants of elasticity?
Illustrates the pricing policies briefly?
A firm along with extreme managerial slack (i.e., X-inefficiency) can best survive when, it: (1) maximizes its economic profits. (2) spends large amounts on marketing and advertising. (3) has important market power and faces little potential competiti
Explain the business decision based upon income elasticity.
Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutra
As per shown in this graph, the average high school graduate will earn around: (1) $12,000 yearly. (2) $20,000 yearly. (3) $45,000 yearly. (4) $90,000 yearly. (5) $100,000 yearly. Discover Q & A Leading Solution Library Avail More Than 1454015 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1927636 Asked 3,689 Active Tutors 1454015 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1927636 Asked
3,689
Active Tutors
1454015
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!