Illustrates the criteria for good forecasting method
Illustrates the criteria for good forecasting method?
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For a good forecasting method must satisfy the given criteria:
• Plausibility: This must be reasonable or believable.
• Simplicity: This must be simple and easy.
• Economy: This must be less costly.
• Accuracy: This must be as accurate as possible.
• Availability: Relevant data must be easily obtainable.
• Flexibility: This must be flexible to adopt needed changes.
Screening refers to: (w) employers examining the qualifications of a potential employee before hiring. (x) applicants acquiring additional schooling in order to attain a certain job. (y) employers hiring only people of a certain race or sex. (z) applicants learning as
Illustrates the steps in formulating pricing policies in details?
Define the going rate pricing briefly.
Labor’s physical productivity based most directly on technology and the: (w) tastes and preferences of consumers. (x) transactions demand for money. (y) prices and availability of the other resources. (z) level of per capita income.
What did professor Hidbon illustrates about Demand?
When a firm hires an additional worker who adds $100 worth of output daily, and adds $50 daily to the firm’s costs, in that case the firm must: (w) hire more labor. (x) hire less labor. (y) not change its employment of labor. (z) sell off some o
Illustrates the barometric pricing briefly?
Explain the Expenditure Method of Measurement of Elasticity.
Help to achive the other objectives of the firm like industry leadership,expansion implementation of policies
Explain the accounting cost concept in brief.
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