Case 1: A local bakery has noticed a decrease in the demand for their pastries. They found out that a new bakery in town is offering similar pastries at a lower price. What should the local bakery do based on demand analysis?
Case 1: A local bakery has noticed a decrease in the
bakery in town is offering similar pastries at a lower price. What should the local bakery do based on demand analysis?
Case 2: A clothing store wants to estimate the demand for a new line of summer dresses. They have
historical sales data for similar dresses. What method should they use for demand estimation?
Case 3: A tech company is launching a new product. They want to forecast the demand for the product
for the next year. They don't have historical sales data for similar products. What method should they use for demand
Case 4: A manufacturing company is trying to determine the cost of producing a new product. They know
that the cost of raw materials and labor will increase with the number of units produced, but the cost of the machinery will remain the same regardless of the number of units produced. How should they categorize these costs in their cost analysis?
Case 5: A restaurant is considering adding a new dish to their menu. They want to estimate the demand
for the new dish before deciding whether to add it. They have data on the sales of other dishes on their menu. What method should they use for demand estimation?
Case 6: A toy company has noticed a seasonal pattern in their sales, with higher sales during the holiday
season. They want to forecast the demand for their toys for the next holiday season. What should they consider in their demand forecasting?
Case 7: A company is producing a product with high fixed costs and low variable costs. They have
noticed that their
Case 8: A company is considering opening a new store. They want to estimate the demand for their
products in the new location. They don't have sales data for the new location. What method should they use for demand estimation?
Case 9: A company is forecasting the demand for their products for the next year. They are considering
several factors such as the expected economic conditions, the expected price of the product, and the expected advertising expenditure. What type of demand forecasting method are they using?
Case 10: A company is trying to reduce their production costs.
They have noticed that their variable costs
are high. What strategies could they consider to reduce their variable costs?
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