Loan financing problems and bad reputation to financial companies
The purpose of applying for a patent is to protect the company's right to have the idea for yourself and not have people knock it off.
Answer: 75%
Explanation:
The probability that demand is less than or equal to the stocking level will be calculated thus:
Underage Cost (Cu) will be given as:
= 3 × Overage Cost(Co) = 3Co
Critical Ratio for seller is given as:
= Cu/(Co+Cu)
= 3Co/(Co + 3Co)
= 3Co / 4Co
= 75%
= 0.75
Therefore, the answer is 75%.
Non-price rationing system is commonly done by queuing (to resolve rationing problems brought by price ceilings) and by coupons (to restore buyer equilibrium). Favored customers who received special treatment from dealers when there is an excess demand, which means: owners giving goods and services to their friends, is another non-price rationing mechanism. I hope that this is the answer that you were looking for and it has helped you.
