Illustrates the factors affecting Demand Forecasting
Illustrates the factors affecting Demand Forecasting?
Expert
The given are the significant factors governing demand forecasting as follows:
1. Prevailing Business circumstances (per capita income, price level change and consumption pattern, employment and saving, investments).
2. Condition in the Industry (as Price product competition policy of firms in the industry).
3. Condition in the firm. (Like Plant capacity, significant policies of the firm and quality).
4. Factors influencing Export trade (as EXIM control, terms of export, EXIM policy and export finance)
5. Market behaviour
6. Sociological circumstances (as Population details, family lifecycle, age group, family income, education and social awareness.)
7. Psychological circumstances (habit, taste, attitude, culture, perception and religion)
8. Competitive circumstance (as competitive condition in the industry).
All profit-maximizing firms will hire further labor up to the point where is the: (w) average physical product of labor equals the nominal wage. (x) last unit of labor adds equally to total revenue and total cost. (y) marginal product of labor is at i
Diminishing returns to labor or questions of monitoring and coordination start to overwhelm any gains by specialization and division of labor within this graph at: (1) point a. (2) point b. (3) point c. (4) point d (5) point e.
Illustrates the different between expert opinion method and trend projection method?
Gilligan is hiring new workers to help run his Island Getaway resort. Gilligan makes a decision that he will not hire a new worker unless they have been properly trained and certified into wilderness survival and have a license by the government to operate watercraft.
demand has three essentials-damand+purchasing power+.???
The social value of the extra output by additional units of labor is: (1) marginal revenue product of labor. (2) price of labor. (3) average revenue product of labor. (4) value of the marginal product of labor. (5) marginal resource cost of labor. Q : Wage rate by hiring labor by price taker 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.<
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.<
Along a supply curve for an individual’s labor, there the income effect tends to rise the: (1) supply of work as wages reduce the number of people a firm will hire. (2) demand for leisure as the wage rate and income raise. (3) l
By the following choices in this illustrated graph, this worker would be happiest at point: (w) point a. (x) point b. (y) point c. (z) point d. Q : Requirements for Food production I have I have a problem in economics on Diminishing Returns. Please help me in the following question. In a completely employed food-and-clothing economy, equivalent successive raises in food production will ultimately need successively: (i) Larger increases
I have a problem in economics on Diminishing Returns. Please help me in the following question. In a completely employed food-and-clothing economy, equivalent successive raises in food production will ultimately need successively: (i) Larger increases
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