Managerial Economics
1 Cross Demand : The change is demand due to charge in the price of its Related commodity is called cross demand.
2 Cost plus pricing policy (or) full-cost pricing : Under this method, the price is set to cover costs (materials, labor, and overhead) and a predetermined percentage for profit.
3 Demand forecasting : Estimation of future demand of the commodity is called demand forecasting.
4 Depression : Depression is the firsts stage of a trade cycle. It is characterized by a sharp reduction of production, mass unemployment, and falling prices.
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