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This is also known as sales force Opinion Method. In this method instead of consumers the opinion of the salesmen is sought. It is sometimes referred as the grassroots approach as it is a bottom up method that requires each sales person in the company to make an individual forecast for his or her particular sales territory. These individual forecasts are discussed and agreed with the sales manager. The composite of all forecasts then constitutes the sales forecast for the organization.
Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable
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what is production possibility curve?
You are interested in the outcomes of the children in your workload in general functioning and school performance, and whether they are related. As a result you decide to collect s
graphical illustration describing the influence of an increase in immigrants on the market supply of labour
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line
Long run equilibrium - Perfect competition: In the long-run, on the other hand, the firm in perfect competition is making normal profit or zero economic profit as shown in Fig
Suppose taht two people, Michell andJames each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle
law of diminishing marginal utility its assumptions, limitation, and its practical importance
Explain the meaning of the statement "coffee and tea are close substitutes".
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