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Economic forecast

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Explain how firms use economic forecast too make economical decisions (how companies make important decision with so much economical unrest)

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Economic forecast is discussed very comprehensively in this explanation.

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Explain how firms use economic forecast too make economical decisions (how companies make important decision with so much economical unrest)

Firms use economic forecasts to make economic decision. They use forecasts for income and population growth to estimate the demand for their products. They use the forecasts of the GDP to understand the business demand in near future. They use the forecasts of people's consumption to plan their new product ...

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Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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