--%>
Assignment Help - homework help

States the Demand Forecasting in terms of production

States the Demand Forecasting in terms of production?

E

Expert

Verified

Accurate demand forecasting is necessary for a firm to enable this to produce the needed quantities at the right time and to arrange well within advance for the different factors of production. Forecasting assists the firm to assess the probable demand for its products and plan its production consequently.

   Related Questions in Managerial Economics

  • Q : Total Explain the meaning of total,

    Explain the meaning of total, average, marginal and incremental revenue.

    		•
  • Q : Least wage elastic demand for labor For

    For labor Plastibristle’s demand for labor is least wage elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d.

    Q : Explain about the control of business

    Explain about the control of business cycle.

    		•
  • Q : Estimate demand The Real Kool Toys

    The Real Kool Toys Company manufactures and sells educational toys. An empirical demand function for one of the firm's products has been estimated over the last 21 quarters using regression analysis. The estimated demand function is: QY = -8,000 - 5,000PY + 192A + 120I + 2,000PX (6,000) (1,000)

    		•
  • Q : Factors governing prices and pricing

    Illustrates the factors governing prices and pricing decision in briefly?

    		•
  • Q : Define the areas of Scope of Managerial

    Define the areas of Scope of Managerial /Business Economics?

    		•
  • Q : Determine what would contain in

    Please help me to solve the problem of economic that is given below: Economic capital would comprise: (w) corporate bonds. (x) money. (y) machinery. (z) sports cars. Can someone

    		•
  • Q : Illustrate signalling by example If

    If interviewing for a job like a bill collector for a loan shark, Bob mentions his degree into martial arts by the Hard Knox Reformatory, his summer internship along with BreakUrLegs, Inc., as well as his family links. Bob’s casual discussion of such credentials

    		•
  • Q : Illustrates the Scope of Managerial

    Illustrates the Scope of Managerial /Business Economics?

    		•
  • Q : Legal incidence of tax burdens The firm

    The firm or individual responsible for paying a specified tax to the government bears: (w) stigma of being a tax evader when it is completely forward shifted. (x) full tax burden only when the tax is backward shifted. (y) legal incidence of the tax. (z) reduction in p

    		•