ECON600 wk 3

 

Complete this essay in a Microsoft Word document, with a minimum of 250 words, APA formatted and 5% similarity.Make sure you use adequate, credible and reliable APA source 2 citations to support your work.

 

Why is knowing (or estimating) the product demand so crucial for a firm?

In your response, include an example of a business that has suffered from poorly estimating the demand of its products. Evaluate how or why the business made such a mistake.