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analysis of demand contribute to business decision making

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Importance of demand analysis?

Analysis of demand is a methodology under which we analyze the influences of the determinants of demand on demand itself. It is important because the demand determines the sustainability and expansion of business


What is role of price elasticity of demand in business decision?

role of price elasticity of demand in managerial decisions


What role does price elasticity demand play in decision making by business firms?

price elasticity


What is objective of demand analysis?

A demand analysis is used in a business context to review how well a product or service is selling and make recommendations on how to create even more sales of the product in the future. The analysis is typically requested by company management and conducted by in-house staff.


What is the pragmatic approach to demand analysis?

recent development in the theory to demand analysis


How the elasticity of demand affect managerial decisions?

Elasticity of demand affects managerial decisions because the demand of a product changes with the wrong business decision. Managers must be careful about what they choose to do with their products.


What is meant by scope of economics?

The scope of business economist expends to those fields of activity which are earned out bybusiness organisations ,business economists is concerned with solving all problems pertaining to business affairs.it referrs to policies of planing and development of business .The matter of bussiness economics is classified under the following broad heads:- a) consumer analysis with special emphasis on demand analysis and forecasting b)production and cost analysis. c)pricing decisions,policies&practice. d)profit managament. e)capital management. f)decision making.


Why is stock important in business?

by maintaining stock record in business Unit the following decision can be taken: - Production planning - Demand forecasting - in financial accounting - Marketing


What is the demand and supply analysis for an internet cafe business?

ewan!! kaya nga nagtatanong kxe di ko po alam. .


Why is stock record important in business?

by maintaining stock record in business Unit the following decision can be taken: - Production planning - Demand forecasting - in financial accounting - Marketing


What is the steps to getting my own pet franchise?

It is possible to own a pet franchise in a small town but you should do an analysis of the cost viability of starting the business and the demand for such a service in the location you choose for the business.


What are the 4 characteristics of business demand?

the 4 characteristics of business demand are derived demand, fluctuating demand, stimulating demand and finally demand elasticity!