1. Trend projection Here data of past sales is used to project future sales. This is the simplest and most straightforward method of demand forecasting. 2. Market research This is based on data from customer surveys. Time and effort is required to prepare and send out surveys and tabulate data. 3. Sales force composite This method uses the experience of the sales team in a company. Feedback from the sales group is used to forecast customer demand. 4. Delphi method Demand forecasting experts from outside the firm are involved in this method. Several rounds of questionnaires are held which are to be responded anonymously until the group of forecasting experts comes to a consensus. 5. Econometric A mathematical formula is created to predict future customer demand. Here, statistical tools and economic theories are combined to estimate the economic variables and to forecast the intended variables.
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By selling 72 items, a man gets a profit equal to the selling price of 9 items. Find the profit percentage.
The cost price of two mobiles 'M' and 'N' is Rs. 22,000 and Rs. 28,000 respectively. The shopkeeper marked up the prices of mobile 'M' and 'N' by 45% an...
A school bag is sold for Rs.360 after giving two successive discounts of 20% and 25%. If school bag is marked up by Rs.300 above its cost price, then fi...
Mohan sold an article for Rs. 15,000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price...
Anil purchased a plot for Rs. 125,000 and spent Rs. 25,000 on legal fees. If he sold the plot for Rs. 180,000, find the profit percent earned by Anil.
A garment company declared 17% discount for wholesale buyers. Ms. Diksha, a wholeseller bought garments from the company for Rs.1660 after getting disc...
A school bag is sold for Rs.450 after giving two successive discounts of 20% and 25%. If school bag is marked up by Rs.400 above its cost price, then fi...
An item is purchased for ₹400. What should be its selling price to achieve a 15% profit?
Akash bought a sofa for Rs. 12500. After one year he sold it to Deepak at 12% less of his cost price. Deepak spends extra Rs. 500 for its repair. And of...