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Toy Story: You are the owner of a toy stand in a mall and you need to decide how many units of a particular toy you will order to sell at your stand. You knowthat the demand will either be 20, 40, 60, 80 or 100 with equal likelihood. The unitcost of the toy is $4 and every unit you sell earns revenue of $10 per unit.Leftover units cannot be salvaged or re-sold and are worthless. You have onlyone opportunity to buy in anticipation of demand. Because the toys are shippedin batches, you must order in units of 20.a. For each combination of your choice (order quantity) and demandrealization, find your profit. Construct a decision table with the profits youfind.b. How many toys should you order to achieve highest expected profit?Hint: you only need to order one of the demand realizations. Hence, both thealternatives and the events are the same, namely the five possible demands. Theoutcome of any combination of your order quantity and the demand is your profit.
There is a tendency in the U.S. to eliminate as much risk and danger as possible to consumers from products they buy and use. As a manager, do you think such a goal might also have some negative effects on your business environment?
important to consider when evaluating an employee as is his or her work product? Why or why not?
Question# 1: What are the current health care policy issues in NY state? Is the state doing anything to enhance any health care issues, and is NY state doing enough?
Provide a set of recommendations specifically describing mobile e-commerce strategies that you believe would be valued by the majority of their customers. (If desirable, approach this analysis with a customer segmentation framework that enables yo..
BSBMGT502 Manage people performance. What steps would you take to counsel the employee in accordance with organisational policy and relevant legislation for disciplinary meetings? What is the relevant award for the employee's role at Australian Har..
Explain the term alter-ego and list the elements the court considered when determining whether to pierce the corporate shield. Incorporate the material from the text and support your statements.
Explain A publisher offers college professors one of a selection of four best selling mass market books as an incentive for filling out a ten page mail questionnaire about a new textbook and What advantages and disadvantages does this incentive of..
Elucidate the process which dean Mobley used to create exceptional products and services and describe the factors which set these products and services apart
They give a random sample of of 100 customers the curly fries and compare the mean evaluation with the historical average for the traditional shoestring fries. What is the appropriate test to compare the evaluations?
If students pay $920 to enroll in the course, explain how large would enrolment have to be for the university to break even?
changes in the external environment often take industries from maturity to decline. - what four strategic options do managers have ?
green and sustainable practices effects of human activity on environmentscientists disagree about the significance of
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