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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.
Suppose there are two countries (home and foreign) and that two goods can be produced within those countries: machinery (M) and bread (B). Marginal product of labor (MPL) is given
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
#question.case study of bain limt price theory
are most local phone companies natural monopolies?
Explain the meaning of the statement "coffee and tea are close substitutes".
1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):
project on visit to village for agriculturebased project
Supply and demand for a given type of MP3 player are given by the following equations: P=980-1.5Qd P=20+0.9Qs
This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
characteristic of duopoly
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