Economics

NMIMS Assignment

Demand Forecasting – NMIMS Assignment Solution for April 2024

•Q2. Anika is working in “Footon ltd Company” that manufactures formal and informal shoes for both men and women. It is observed that for the last few years, the sales figures are fluctuating and there are no vivid reason for the same. Anika’s manager have asked her to prepare a short notes on the importance …

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budget 2024

GD Topic for MBA Admission – Union Interim Budget 2024

“Union Interim Budget 2024-2025: Unraveling Fiscal Strategies, Economic Projections, and Policy Initiatives for India’s Growth” Indian Finance Minister Nirmala Sitharaman recently presented the Interim Budget 2024 in Parliament, setting the tone for India’s economic trajectory amidst the upcoming Lok Sabha Elections. As the nation anticipates a full Budget in July 2024, this interim financial plan …

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Indian Banking System & RBI

Banking Banking refers to the set of financial activities and services conducted by banks and financial institutions to facilitate the flow of money, manage financial resources, and provide various financial products and services to individuals, businesses, and governments. Banks are crucial intermediaries in the financial system, playing a central role in the economy by channeling …

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Macroeconomics Question & Answers

Quick Revision notes for B.Com | BBA| BBM | BMS | BHM | MBA | MHA | MMS | CA| CS | CMA | ICWA & Others Aggregate Demand and Aggregate Supply Aggregate demand and aggregate supply are key concepts in macroeconomics that help explain the overall performance of an economy. These concepts are used …

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Economics – Question & Answer

Define the term “Elasticity of demand.” Discuss different types of elasticity of demand. Also, explain why this concept should be of interest to anyone in business who has a choice to determine the price at which to sell their products. The Elasticity of Demand: Understanding Price Sensitivity in Business Introduction: Elasticity of demand is a …

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Economics- Question & Answer

“The root of the economic problem is the scarcity of resources while our wants are infinite”. Elaborate the given statement explaining the three types of economic problems faced by an economy in achieving in production and distribution. The Scarcity of Resources and Infinite Wants: Unraveling Economic Problems The statement “The root of the economic problem …

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Economics – Question & Answer

“Demand forecasting plays a vital role and enables organizations to arrange for the required input as per the predicted demand, without any wastage of material and time” Substantiate your view on demand forecasting and discuss the various factors influencing demand forecasting. The Significance of Demand Forecasting in Organizational Planning Introduction: Demand forecasting is a pivotal …

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Economics Question and Answers for NMIMS Assignments of December 2023

Q1. “Demand forecasting plays a vital role and enables organisations to arrange for the required input as per the predicted demand, without any wastage of material and time” Substantiate your view on demand forecasting and discuss the various factors influencing demand forecasting. (10 Marks) Demand forecasting is a critical process for organizations across various industries, …

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