__________ is based on information gathered and analyzed about demand and supply. this forecast provides a prediction of short and long term prices and the underlying reasons for those trends.

Related MCQs

• When material prices fluctuate widely the method of pricing that gives a best result in
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• Direct …………….are those which can be identified in the product and can be measured.
• Non-cost items are those which are …………….. from the cost.
• When job is very big and spread over long periods of time the method of costing adopted is……
• ……………………method of pricing material issues provides a better matching of current costs with current revenues.
• The cost of activities relating to create and stimulate demand for company’s products and to secure orders is known as……….overheads.
• The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is
• Basic objective of the effective …………………..is to ensure continuity of supply of requisite quality of material.
• The Purchase…………….is a contractual document which authorizes the supplier to supply the material.