Demand analysis is a marketing study used to determine what type of customers are willing to buy a particular product and how many units they are likely to buy and at what price range. This information is then used to plan advertising strategies, determine selling cost and make product modifications
A "what if" analysis occurs when a Microsoft Excel user changes the values of cells to see alterations of formulaic outcomes elsewhere on the worksheet. As of November 2014, three different types of "what if" analysis tools come with Excel, including scenarios, data tables and "Goal Seek." This type
Company analysis refers to the process of evaluating a company’s profitability, profile and products or services. It is also known as “fundamental analysis,” and it is generally used by investors. It incorporates basic company information, such as the mission statement, goals and values.
Data analysis refers to the process of applying logical and statistical techniques to evaluate, condense and describe raw data with the sole intent of extractingÂ useful information. There are several different forms of raw data, including observations, survey responses and measurements.
Restaurants carry out food cost analysis to identify the most costly meals on their menus and calculate profit margins. This method helps the owner of the restaurant to benchmark costs, target profit, and perform a cost control.
A job analysis is important to ensure that a company's selection process in order to choose applicants are valid and defensible. It is important to include only knowledge, skills, abilities and personal characteristics in the selection process and only qualifications needed for the job should be con
The law of demand is a foundational concept of economics which indicates that demand for a particular good rises as the price for the product falls. Inversely, when the price for a good rises, demand falls.
In economics, demand is the quantity of goods or services that consumers are able and willing to buy at a given price at a particular time. The law of demand provides that, if all other market factors remain constant, the demand for goods and services increases as their price decreases.
Social analysis is the evaluation of issues related to social characteristics, the general quality of life, social services and social justice of a society. The analysis touches on individuals, governments, economies, groups and environments. It studies the past with respect to the present, particul
A situational analysis is a critical look at the present state of a business for the purpose of evaluating the current product offered, the present market, and the challenges in the way of the business' future plan. The analysis is important for strategic planning.