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Appropriate Management of Sales: Demand forecasts are made area wise and after that sales targets for various areas are set in view of that. This helps the calculation of sales performances.
Organising Funds: On the foundation of demand forecast, an individual can realize the monetary requirements of the organisation in order to bring about desired output. This can make it possible to cut down on expenditure of acquiring funds.
Michael was discussing the importance of production analysis and cost analysis to managerial economics with a final year Open Campus student. The final year student, Catherine, sta
How can a firm''s security policies contribute and relate to the six main business objectives.give example
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1. Suppose in a perfectly competitive industry the market demand and supply forces combine to produce a short-run equilibrium price of Rs 70. Suppose that a firm in this industry h
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