Need
Answer Sheet of this Question paper
Answer Sheet of this Question paper
PRAKASH - 09741410271/ 08722788493
BUSINESS ECONOMICS
1.
Demand forecasting is not a speculative exercise into the unknown. It is
essentially a reasonable judgement of future probabilities of the market events
based on scientific background. Explain the statement by elaborating different
qualitative and quantitative methods of demand forecasting. Which of the
methods described by you is most suitable for forecasting the demand for
“expensive mobile” and why?
Demand forecasting is not a speculative exercise into the unknown. It is
essentially a reasonable judgement of future probabilities of the market events
based on scientific background. Explain the statement by elaborating different
qualitative and quantitative methods of demand forecasting. Which of the
methods described by you is most suitable for forecasting the demand for
“expensive mobile” and why?
2.
Which market is characterized by the “competition among few”? How is this
market different from the “competition among many”? Explain how the producers
in this kind of market promote their own interests by giving real world
examples like OPEC, Cement Cartels, etc.
Which market is characterized by the “competition among few”? How is this
market different from the “competition among many”? Explain how the producers
in this kind of market promote their own interests by giving real world
examples like OPEC, Cement Cartels, etc.
3.
A) Explain how the consumer attains utility maximisation and producer ensures
cost minimization with the help of indifference curve and isoquant technique.
A) Explain how the consumer attains utility maximisation and producer ensures
cost minimization with the help of indifference curve and isoquant technique.
3.
B) “There is a high cross elasticity of demand between new and old cars”.
Discuss the statement by explaining the features of cross elasticity of demand.
Also compare and contrast cross elasticity with other types of elasticities of
demand.
B) “There is a high cross elasticity of demand between new and old cars”.
Discuss the statement by explaining the features of cross elasticity of demand.
Also compare and contrast cross elasticity with other types of elasticities of
demand.
Need
Answer Sheet of this Question paper
Answer Sheet of this Question paper
PRAKASH - 09741410271/ 08722788493
This is a fantastic post that is both knowledgeable and educational. Thank you so much for letting us in on your wonderful thoughts. If you're not sure whether or not to use our assignment writing service, contact one of our highly qualified and experienced authors for advice. Our Online Assignment Help service will be available to all students 24 hours a day, 7 days a week.
ReplyDelete