2020 Nmims assignments Discuss the various needs for deman

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Business Economics


1. The concept of elasticity for demand is importance for determining the prices of various factors of production. Discuss the various factors that influences the price elasticity of demand (10 Marks)

2. Complete the hypothetical table below and explain in brief, the behavior of each type of cost. (10 Marks)


3. Demand forecasting in an organizations plays a vital role in business organizations
It provides reasonable data for the organization's capital investment and expansion decision.

a. Keeping the above statement in consideration. Discuss the various steps involved in demand forecasting (5 Marks)

b. Discuss the various needs for demand forecasting in business organizations? (5 Marks)

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[email protected]
+91 95030-94040