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Socio Economic conditions of country also affect the sales forecasting. They may include total national income per capita income standard of living of the masses, education, inflation deflation etc. For instance if the prices are rising sharply and the production is not increasing to copes the demand then it will be difficult for the public to satisfy their wants. It will lead the reduction in demand and thereby the sales forecast will be affected on the country. If thee is a rapid increase in the per capita income along with increase in production the demand will increase and thereby by the sales forecast will be affected.
Stock of durable goods on hand: If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars,
The average price level has increased at a relatively rapid rate since 2008 even though the deep recession that UK experienced in 2008/09. The growth in the price level has been dr
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Elasticity of Price Expectations (epe)
TC = Q3 – 8Q2 + 68Q + 4, get the median and mode
You are the CFO for Carnival Corportaion and your boss, the CEO informs you that he wants to add three new cruise ships to the company''s inventory. Each ship will cost $500 millio
Recent developments in demand theory
Provide an economic explanation of what you have shown in your diagram above. Iceland was a small open economy with perfect capital mobility. Consequently, the equilibrium domesti
The demand curve for gasoline is P = 200 - 10Q. a. Find the elasticity of demand for a quantity of 8. Does this number imply that quantity demanded is sensitive to price change
mixed strategy
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