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The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week the supermarket can buy fresh lettuce for $11.00 a box. The lettuce is sold for $24.00 a box and the dealer that sells old lettuce is willing to pay $3.00 a box. Past history says that tomorrow's demand for lettuce averages 275 boxes with a standard deviation of 45 boxes.
How many boxes of lettuce should the supermarket purchase tomorrow? (Round your answer to the nearest whole number.)
Write a second paragraph about the assumptions you needed to make for this assignment AND how this would be different if you needed to order the items needed to serve the customers for this week.
Discuss how 9/11, the Department of Homeland Security, and the Transportation Security Administration has impacted the transportation industry in America. Incorporate specific examples of how the industry has been affected that you learned about from..
Pick an industry that is of interest to you. What did you identify as your indicator of potential market size? What market performance indicator did you use? How different were your CAP and CAGE-adjusted CAPs?
Define how the Futures Market helps our economy. What risk does the US face if there were no Futures market?
The corner convenience store (CCS) gets its cool drinks delivered by a wholesaler at CCS, light cola sells at a rate of 40 six-packs per day. the shop is open 250 days per year. determine the Economic order quantity (EOQ). determine the average stock..
What are the major components of a strategic management process? In your view, which of these components is the most difficult for managers to perform?
Identify and explain the factors that demonstrate the Walton Art Center's utilization of the business-level differentiation strategy. What changes could be enacted that would alter the Center's strategy to one of low-cost? Would this be advisable? Wh..
What order size would you recommend? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)
Girard University offered Steamer Ferris a professional position. Girard offered to provide Steamer a house and to pay him an annual salary of $50,000 plus benefits for teaching three classes per semester. Girard said that yearly raises would be cont..
What do you think are the most serious weaknesses in the interviewing process as conducted at many small businesses? How could these be remedied? Are on-line testing and games to screen potential candidates fair in your estimation? Why or why not?
A hospital is interested in conducting ethics training for its employees (doctors, receptionists, medical assistants, etc.,). Discuss how you would go about doing the training in terms of what should be covered, who would conduct the training, where ..
Manager's Ethical Dilemma You are the manager of a factory of the Make-It Company. You have 5,000 parts that must be shipped by Friday at 5:00 p.m. Things have been on schedule, making 1000 parts per day, but you have just been alerted on Thursday af..
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