DEMAND FORECASTING Demand forecasting is the process of predicting future average sales on the basis of historical data samples and market intelligence. The volatility of demand from an average level is supplied from the safety inventory. Any forecast is likely to be wrong‚ so the focus should be on understanding the range of potential forecast errors and the level of safety inventory that will cater for peak demand. An important additional calculation is forecast bias. This is the cumulative
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TRADE UNIONISM‚ COLLECTIVE BARGAINING AND NATION BUILDING: THE NIGERIAN EXPERIENCE Charles N. Okolie Introduction It is a well known fact that the growth and development of any nation depends on the structures it has carved out for itself. In Nigeria‚ amidst the various arms of the government which has been working tirelessly to ensure the growth and sustenance of the Nigerian state is the emergence of trade unions. The colonial influence in Nigeria has left much to be desired. The emergence
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chargeable to tax as Income from Other Sources (IFOS) i.e. any income not taxable under the head Income from Salary‚ House Property‚ Business/Profession or Capital Gains‚ is chargeable to tax as Income from Other Sources. Section 56 (2): Under Section 56 (2)‚ the items that are mentioned as taxable under this head are as follows:- 1. Interest on Securities‚ provided Securities are held as Investment and not as Stock-in-trade. (If they are held as Stock-in-Trade‚ then interest therefrom will
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Supply and Demand Shopping for a personal computer these days involves more than comparing hard drive size‚ physical memory‚ and price. A couple of years ago‚ when I was in the market for a new computer‚ I knew I wanted a laptop‚ and that’s about all I knew. I researched the internet looking for the type of laptop I would need as an adult online student. The details I needed to consider were use‚ size‚ weight‚ battery life‚ warranty‚ and operating system. This was at the time when tablet computers
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influence in the learning willingness of students can help determine how well they will do in their academic performance. The empirical research originates from a pervading theme in various developmental and social psychological theories that environmental influences shape individuals’ achievement motivation. For example‚ social cognitive theory of human behaviour and learning emphasizes the view that individuals’ functioning has its foundation in social systems and that environmental factors affect
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Colonialism and Imperialism are one of the core foundations of the Atlantic Trade System that occurred between the 14th and 19th centuries. Colonialism is the process of a group of external settlers‚ in this case settling in Africa and claiming the land for their own. Colonialism is the control or governing influence of a nation over a dependent country‚ territory‚ or people. Colonialism refers to the set of practices and policies implemented by the imperial agents to obtain and maintain control
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High School vs. College: Being a First-Year Student/Orientation Being a first-year student is fun! Unlike high school‚ where your first year is usually filled with anxiety and the occasional wrong-classroom mishap‚ colleges prepare first-year students with an orientation that builds a strong bond among class members. Many colleges offer additional early orientation programs (usually a camping trip or gathering hosted in a nearby city) to foster relationships before the school year even begins. Attend
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Ken Costa Chairman: Europe‚ Middle East and Africa UBS Investment Banking Department 2 Finsbury Avenue London EC2M 2PP Cass Business School 2 March 2006 EMBARGO UNTIL 19:30pm 2 March 2006 The Trilemma of Globalisation: Free Trade‚ Fair Trade or Fear Trade In discussing the challenges presented by today’s diverse global environment few topics can be as important as the issue of globalisation. It is at the heart of the structural change that has taken place in our generation as borders have
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This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Globalization and Poverty Volume Author/Editor: Ann Harrison‚ editor Volume Publisher: University of Chicago Press Volume ISBN: 0-226-31794-3 Volume URL: http://www.nber.org/books/harr06-1 Conference Date: September 10-12‚ 2004 Publication Date: March 2007 Title: Globalization and Poverty: An Introduction Author: Ann Harrison URL: http://www.nber.org/chapters/c10713 Globalization
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TITLE : CHINA IMPORTS SLUMP‚ RAISING DEMAND CONCERNS INTRODUCTION Supply and Demand is perhaps one of the most fundamental concepts of economics. It is the backbone of a market economy. A market is defined as a group of consumers (demand) and producers (supply) of a particular product. Competitive markets are markets with many consumers and producers‚ so that each has very small influence on the price of that product. Supply and demand act as an economic model to show how consumers and producers
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