•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 …
Demand Forecasting – NMIMS Assignment Solution for April 2024 Read More »
What is Demand Forecasting? Demand forecasting is the process of estimating the future demand for a product or service. It involves predicting the quantity of goods or services that customers will purchase over a specific period. The primary goal of demand forecasting is to help businesses make informed decisions regarding production, inventory management, and overall …
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, …
Economics Question and Answers for NMIMS Assignments of December 2023 Read More »
Students are requested to use the NMIMS Books for writing the assignment ; just use your own language.
The MCQs on economics are collected and prepared for students appearing for various types of exams like Bcom, Mcom, BBA , MBA, CA , CS, CMA etc. Economics is a compulsory subjects and hence the basic idea of economics is required for every students.
Economists like Hicks, Allen, Samuelson’s, Edgeworth etc. have criticized the utility analysis on the following grounds: •Utility is subjective.•Indivisible Goods.•Goods are not independent.•Marginal Utility of Money is not Constant.•Cardinal Measurement is not Possible.•Consumer is not so calculative.•Income Effect of Price change Ignored INTRODUCTION OF INDIFFERENCE CURVE IC analysis is a modern method to analyze consumer’s …
