Read this article to get study notes on Demand Forecasting:- 1. Meaning of Demand Forecasting 2. Objects of Demand Forecasting 3. Importance 4. Steps. Notes on Demand Forecasting 1. Meaning of Demand Forecasting: The formulation of appropriate and useful production policy is an important aspect for an enterprise. This involves determination of level of production, manpower requirements, equipment and inventory [...]
This article provides a full proof formula to calculate break even point. BEP can be calculated in a number of ways, depending on the nature of the information available. Let us use the following symbols in our calculation: P: Selling price per unit q: sales volume f: fixed cost me v: per unit variable cost. Now for BEP, Sales = [...]
After reading this article you will learn about:- 1. Concept of Break-Even Chart 2. Uses of Break-Even Chart 3. Construction 4. Improving Profit Performance. Concept of Break-Even Chart (BEC): The concept of break-even can be very well explained and analysed by break-even charts. The chart can be used to study the changes in profit/loss at different levels of sales as [...]