Economics
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Organization, Structure and Dynamics of the Ecosystem
This involves the understanding of a whole network of relationships comprising the various exchanges and interactions between the living and…
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Ecology and Ecosystem : Clearly Explained
The term ‘Ecology’ has its origin in Greek words ‘Oikos‘ which means ‘habitation‘ and ‘logos‘ which means ‘study‘. Thus the…
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10 Steps in Demand Forecasting Process
Demand forecasting is very important for every trading or manufacturing organization. Without it, a business may supply more or less…
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Essentials of a Good Forecasting System
There are different methods for estimating future demands. These methods differ in costs. Flexibility and the necessary skill and sophistication.…
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4 Alternative Methods of Demand Forecasting
There are some other forecasting methods used by various enterprises in different situations. Each method has its own advantages and…
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Different Methods of Forecasting Demand
Business economists have developed many forecasting techniques to help managers in handling the increasing complexity in management decision making. As…
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Various Approaches of Forecasting Demand for New Products
Forecasting the demand for a new product is entirely different from forecasting demand for an established product. In the case…
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Need and lmportance of Demand Forecasting
The formulation of appropriate and useful production policy is an important aspect for an enterprise. This involves determination of level…
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Steps and Disadvantages of Decision Tree Approach in Capital Budgeting
The decision-tree approach is useful analytical technique in capital budgeting to evaluate risky investment proposal involving sequential decisions. The technique…
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Marshall’s Concept of Quasi-Rent in Economics
The concept of quasi-rent was introduced into economic theory by Marshall. Quasi-rent is nothing but the short-run earnings of the…
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