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EcoTable is a retailer of specialty organiz and ecologically friendly foods. In one of their Cambridge, Massachusetts, stores, they plan to offer a gift basket of Tanzanian teas for the holidays season. They plan on placing one order and any leftover inventory will be discounted at the end of the season. Expected demand for this store is 3,000 units and standard deviation is 500 units. The gift basket sells for $47, the purchase cost to EcoTable is $24, and leftover basket sells for $14. What is the Service Level? (4 decimals)
Should English or Mandarin be the language of international business? If not, what language should be the language of international or global business? Also, why is it importa
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Harry and Melissa Jacobson produce handcrafted furniture in a workshop on their farm. They have obtained a load of 600 board feet of birch from a neighbor and are planning to
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Demand for a seasonal product is estimated to be normally distributed with a mean of 1000 and a standard deviation of 300. If demand exceeds available inventory the seller inc
The demand for a particular part called SKU 005 is 1,200 units a year. The cost of one SKU 005 is $40.00. It costs $35.00 to place an order of SKU 005, and the holding cost pe
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