Answer:
Iggy Wiggy T-shirts should order 6,829 units of T-shirt
Explanation:
Cost per T-shirt = $8.00
Selling Price per T-shirt = $25
Marginal Profit = 25 - 8 = $17
Marginal Loss when t-shirt is sold for $5 = $8 - $5 = $3
Mean = 6000 units
Standard deviation = 800 units
Using the News Vendor Model
Q = MP / MP + ML
Q = 17 / (17+3)
Q = 17 / 20
Q = 0.85
Using NORMINV in Ms excel
= NORMINV (probability, mean, standard deviation)
= NORMINV(0.85,6000,800)
= 6829.14 units
Thus, Iggy Wiggy T-shirts should order 6829 units of T-shirt.
This reflects a difference in business ethics.
- Business customs can be divided into three categories: imperatives, which must be acknowledged and accommodated; electives, which can be adapted to but are not required to; and exclusives, in which outsiders are not permitted to participate.
- In foreign marketing, flexibility of approach is essential.
- The fundamental distinction between business ethics and general ethics is that general ethics include all moral ideals, but business ethics only pertain to matters of business.
What is business ethics reflection?
- Everyone should possess a strong sense of business ethics. It reveals how the person's character is reflected.
- Being morally upright is recognizing what is right and wrong, among other things.
- Because a firm is all about providing excellent customer service, the business ethics of its employees are very significant.
Learn more about business ethics
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Answer:
The advertising career that interest me the most is marketing
Explanation:
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