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Dan's Independent Book Store is trying to decide on how many copies of a book to purchase at the start of the upcoming selling season. The book retails at $28.00. The publisher sells the book to Dan at $20.00. Dan will dispose of all of the unsold copies of the book at 50% off the retail price, at the end of the season. Dan estimates that demand for this book during the season is Normal with a mean of 1000 and a standard deviation of 250.
The publisher is thinking of offering the following scheme to Dan. At the end of the season, they will buy back unsold copies at a pre-determined price of $17.00. However, Dan would have to bear the costs of shipping unsold copies back to the publisher at $1.00 per copy. What is the quantity that Dan should order, to maximize his expected profits?
What type of control do managers typically use at the output stage? A) MBO control B) Concurrent control C) Bureaucratic control D) Feedforward control E) Feedback control
The specific change that needs to occur within the cycle of change. Differentiate between the two types of change agents and how one or both can be used in this scenario.
Using the exponential smoothing method of forecasting, calculate next month's approximate sales forecast, assuming that this month's forecast and actual numbers are $50.74Million and $54Million respectively. (Hint: Assume 1-? = 70% or 0.7).
What is a marketing problem in applications of linear programming? Briefly discuss the objective function and constraint requirements in a marketing problem. Give a real world example of a marketing problem.
If 2 people are in the canoe, the slower person dictates the crossing time. The objective is for all four people to be on the other side of the river in the shortest time possible. Illustrate what is the smallest time for moving all four people to ..
Riverside oil company in eastern Kentucky produces 3 different grades of gasoline. They are regular, premium, and supreme grades. Each barrel of regular grade sells for $82 while premium grade sells for $88 per barrel and supreme grade sells for $89 ..
What are the FAU student-specific resolutions that should be listed in the left-hand most entity in cases of academic dishonesty? What entities (if any) are there that seem to operate as or in place of the “Community Standards” and the “Academic Inte..
Define liability of foreignness and regionalism. Describe corporate strategic alliance and discuss why a company would want to develop one. Are strategic alliances necessary for a company to expand internationally?
WidgeCorp is considering branching out into cold beverages. You have been asked to come up with a regression model to forecast monthly sales of cold beverages
Given the uncertainty associated with player demand, how should Reebok approach inventory planning for NFL replica jerseys? What should Reebok’s goal be? Should Reebok minimize inventory at end of season? Or maximize profits? Can Reebok achieve both?..
Explain whether the leaders style is transactional or transformational. What type of leadership characteristics does the leader demonstrate? What aspects of servant leadership does the leader exhibit?
Use the internet to conduct research on popular simulation modeling software applications. Find two applications to compare by examining the costs, features, and training requirements.
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