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Why Decisions are made?
Decisions are made to plan for your future.
Why is the concept of price elasticity of demand potentially very useful for a business?
Role of price elasticity in business decision: See every producer has to decide the price of a product ar which he has to sell it.While deciding it,price elasticity of demand becomes important for him.If the demand of his productis less elastic,he will fix up a higher price or vice-versa. The concept of price easticity helps the producers` when they havetodetermine the price of jointlypouced goods. For example: oil and oil cakes are two joint goods.If the demand for oil is inelastic as compared to the demand for oil cakes,a higher price for oil is charged.
Define price expectation elasticity of demand?
Expectation elasticity of demand mean if in future the price will rise then in present the demand of that comm. will fall i.e elasticity will be +ve.. n vice versa..., RELATIONSHIP OF EXPECTION OF PRESE WITH THAT COMMODITY Expectations about future price rise or fall is directly related with present or a recent demand i.e if prise rise in future, the demand will rise 4 that comm. n vise versa....
What does the future of Hershey's look like?
it will always do great
What is Elasticity of price expectations?
( price ) elasticity of price expectation :- The elasticity of price expectations is defined as the change in future prices expected as a result of current price changes. When this exceeds unity, it indicates that buyers expect future prices to rise ( or fall) more than current prices have changed. The elasticity is particularly useful in estimating demand in an inflationary environment. A positive coefficient, particularly if it is greater than unity, suggest that current price increase may shift the demand function to the right, which may result in the same or greater sales at the higher prices while consumers try to beat the expected price increases by building up stocks. Eventually, however, the large inventory accumulated by the consumers try to beat the expected price increases by building up stocks. Eventually , however, the large inventory accumulated by the consumer, or a competitor's reactions, will tend to lower the elasticity perhaps even turning it negative , & will result in shifting the demand curve to the left. from kadambari (Ur helpful friend)
What is occupancy forecast?
Occupancy forecast is forecasting the number of hotel rooms available for rent on a future date. This is important for making pricing decisions.
What do you mean by future pricing?
Price set in the future.
Why Decisions are made?
Decisions are made to plan for your future.
What decisions does Monterey Convention face?
Decisions about the future of California.
What decisions does the monterey convention face?
Decisions about the future of California.
If you want to know the future should you return to the past?
Not literally, of course, but the past is always a good reference to make future decisions and ideas to base it off of things learned throughout history.
Which is not considered to be a determinant of the price elasticity of demand for a particular good?
Expectations of the future price
Who determines the pricing of oil commodities?
Commodity traders determine the pricing of oil commodities. They bid on future contract, which are basically agreements to buy or sell oil at a certain date in the future for a price.
Decisions that have been made many times in the past and for which managers have rules and guidelines about how to make similar decisions in the future are known as?
Decisions that have been made many times in the past and for which managers have rules and guidelines about how to make similar decisions in the future are known as: "Programmed Decisions"
What is the recommendation of the future pricing strategies?
The recommendation of future pricing strategies is actually to increase prices among steady customers. Less investments should also be considered if the company has lost some profits.
What's in store for the future?
Nobody knows what is in store for the future. The future can change depending on the decisions you make.
What insights can be gained from analyzing the historical airfare database?
Analyzing the historical airfare database can provide valuable insights into trends in pricing, demand, and competition in the airline industry over time. This data can help identify patterns, fluctuations, and factors influencing airfare prices, which can be useful for forecasting future pricing strategies and making informed decisions in the industry.
