Compare the Advantages and Disadvantages of One Subjective with One

question 83

Essay

Compare the advantages and disadvantages of one subjective with one objective sales forecasting technique.

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Definitions:

Producer Surplus

The gap between the amount producers are prepared to accept for a product or service and the actual payment they get.

Maximum Sum

The largest possible aggregate or total achieved from combining specific elements or numbers.

Output

The amount of goods or services produced by a firm, industry, or economy within a given period, an indicator of productivity.

Diagram

A simplified drawing showing the appearance, structure, or workings of something, often used in education and technical fields.