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How can an organization determine demand for its services

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How can an organization determine the demand for its services, what are some of the advantages and disadvantages, and recommend ways to improve?

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This solution explains how an organization can determine the demand for its services and what some of the advantages and disadvantages are.

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An organization can determine the demand for its services by using one or a combination of two or more forecasting tools which are appropriate and carefully selected after judging their appropriateness for the services of the companies. Examples of such forecasting techniques include quantitative tools such as trend analysis, simulation, causal analysis in the event when sufficient numerical data is available or qualitative tools such as brainstorming within team members, personal judgements, etc. ...

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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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