Day: September 18, 2022

Advanced 2 Demand Forecasting Techniques: Optimize Business Performance

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After analyzing and interpreting the data and subsequently, the information that is obtained from various primary and secondary sources, the next step is to adequately predict the future demand for the underlying product the service. Demand forecasting techniques help in analyzing data. For this, you have knowledge about the theory of demand. Demand Forecasting Techniques…

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Managerial Economics

Measurement of Utility and its Relationship with other Utilities

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Utility The power to satisfy one’s want or desire is the utility of the commodity. You can take measurement of utility. The literal meaning of the term ‘utility’ is ‘usefulness’ but in economics, it implies the capacity to satisfy the want of a good. Simply to say, utility is value-in- use of a commodity. Utility…

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Managerial Economics

8 Types of Demand | 12 Factors Affecting Market Demand

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In this article, we will discuss the different types of demand and you will learn the most effective factors that affect the market demand functioning. If you are looking for a descriptive answer, so follow this write-up till to the end. Different 8 Types of Demand These are the types of demand that we will…

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Managerial Economics

Most Useful Nature and Scope of Management Accounting

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Management accounting is a very crucial part of accounting. It is highly impactful in decision-making. Here, you will learn the nature of management accounting and the scope of management accounting for your better understanding. You have studied the nature scope of management accounting. Meaning of Management Accounting The practice of delivering financial resources and information…

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Management Accounting