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Q. Production Planning in demand forecast period ?
Long term production planning can assist the management in organising long term finances on practical terms and conditions. Study of long term sales is accorded greater importance as compared with short-term sales. Long term sales forecast facilitates the management to take a few policy decisions of huge importance and any mistake carried out in this could be very costly or different to be corrected.
Therefore, the complete success of an organisation usually is contingent upon the quality and authenticity of sales forecasting methods.
Q. Explain about Long run production function? Long run is a phase adequately long so that all factors together with capital can be changed. The factors that can be increase
Income Elasticity The functional relationship among the changes in the quantity demanded for a good or service and the change in income of those persons demanding the good or s
assignment
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Describe ramsey pricing with detailed examples
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