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Law of Demand
Law of Demand
AN OVERVIEW
BY
LALITHA SASANKA G
DEFINITON
2
FEATURES OF DEMAND
3
OBJECTIVES OF
DEMAND ANALYSIS
1) DEMAND FORECASTING
2) PRODUCTION PLANNING
3) SALES FORECASTING
4) CONTROL OF BUSINESS
5) INVENTORY CONTROL
6) GROWTH AND LONG TERM
INVESTMENT
7) ECONOMIC PLANNING AND POLICY
PLANNING
4
ASSUMPTIONS
VALBEN GOODS
NECESSARY GOODS
LUXURY GOODS
GIFFEN GOODS
CONSUMERS NEGLIGENCE
EFFECT OF
DEMONSTRATION
6
DEMAND SCHEDULE
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