Advantages and disadvantages of Survey Techniques
What are the advantages and disadvantages of survey techniques?
Expert
Advantages:
1. This technique is simple and less expensive. 2. These techniques give substantial amount of qualitative information which may be helpful in business and economic forecasting 3. These methods are usually used to supplement other quantitative forecasting techniques.
Disadvantages:
1. While the opinions differ this will create problem 2. Not helpful for long term forecasts
Illustrates the causes of business cycle?
Decreases in derived demands are best demonstrated while: (1) illegal aliens reduce equilibrium wage rates for unskilled workers. (2) swim suit sales plummet at the ends of summer vacations. (3) undocumented construction workers begin leaving the Unit
what are the criteria for good forecasting
Explain the pricing under price leadership.
Give a brief introduction of the term P/V ratio and Contribution?
If the wage rate increases from $25 per hour to $40 per hour, in that case the elasticity of the supply of labor from this worker is roughly: (i) zero. (ii) 7/15. (iii) 13/15. (iv) one. (v) minus 13/15. Q : Explain about the control of business Explain about the control of business cycle.
Explain about the control of business cycle.
explain the different phases of business cycle
Illustrates the major objectives of demand analysis?
Demand is probable to be most wage elastic at prevailing wages for: (1) carpenters. (2) neurosurgeons. (3) computer programmers. (4) teenage employees of fast food restaurants. (5) economists. Can someone explain/h
18,76,764
1961097 Asked
3,689
Active Tutors
1433097
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!