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egoroff_w [7]
3 years ago
10

Statistical model applicable when product demand or any other variable is not known but can be specified by means of a probabili

ty distribution is referred as
A. a robust model.
B. the EOQ.
C. a probabilistic model.
D. a quantity discount model.
Business
1 answer:
madam [21]3 years ago
5 0

Answer:

C. a probabilistic model.

Explanation:

This is a short definition of "probabilistic model"

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Daniel Franco, a free-lance gaming consultant and blogger, needed a new gaming system for his business. After some lengthy revie
Law Incorporation [45]

Answer:

Explanation:

Issue: Will the court rule in support of Daniel’s argument that Nintendo breached the warranty based on reasonable expectation on the performance of an expensive system and statements made while selling the gaming system?

Rule:  There is a creation of express warranty when a seller makes a description of the statement quality, condition or performance of goods sold. This warranty is created by the statement of facts and if the seller uses words to designate the value of the supposed goods, it will only be considered as an opinion that does not create any express warranty.

The customer’s reasonable expectation of the existence of the gaming system based on the price leads to implied warranty. The goods sold should be logically fit for the general purpose for which it is sold. It should be of proper quality to satisfy the implied warranty of merchantability and the goods should fit the particular purpose for which the buyer will use the goods to satisfy the implied warranty of fitness for a particular purpose.

Analysis: Here, the argument of Daniel that Nintendo’s description of the gaming system as “most reliable”, and “durable” asserted that the quality and performance of the gaming system will not stay because these words create general statements that are made as part of sale or seller’s opinion about the goods. These words would be considered as puffery and do not create any express warranty. The higher price of the gaming system would create an implied warranty about the performance of the system, but the switch failed only after the warranty period. When the seller has expressly stated the warranty period as one year, any defects that occur after the warranty period will not breach the implied warranty.

Moreover, the gaming system was reasonably fit for Daniel’s business purpose and worked well during the warranty period. Hence Daniel’s arguments will not stay in front of the court.

Conclusion: The court will not rule in favor of Daniel and Daniel will not be able to recover against Nintendo because no breach of warranty had occurred.

8 0
4 years ago
If i got my permit in december when can i get my license
ryzh [129]
Usually, you have to wait 6 months to get your license after you get a permit; if you get your permit in December you can get your license in June.  
3 0
3 years ago
Which situation would MOST LIKELY result in an increase in quantity demanded?
antoniya [11.8K]
When you say the POV of the something that you want to talk about and give the them the prof to believe you that you right
3 0
3 years ago
True or false: One way a domestic company can successfully compete against a global business giant is by exploiting shortcomings
miskamm [114]

Answer:

Pretty sure is true

Explanation:

5 0
3 years ago
Read 2 more answers
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
dmitriy555 [2]

Answer:

270,000 units

Explanation:

Given that:

Beginning Inventory for finished goods: 31,000

Ending Inventory for finished goods :  41,000

Beginning Inventory for raw materials: 61000

Ending Inventory for raw materials: 51,000

Units planned to be sold: 260,000

We compute the produced finished goods = Ending inventory + Units sold − Beginning inventory

           = 41,000 + 260,000 − 31,000 = 270,000

The number of units the company would have to manufacture during the year would be 270,000

6 0
3 years ago
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