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balu736 [363]
2 years ago
9

In a newsvendor model, if underage cost is three times overage cost and the seller orders the optimal quantity, then the probabi

lity that demand is less than or equal to the stocking level is:
Business
1 answer:
NeTakaya2 years ago
3 0

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%.

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Which of the following strategies is most likely to be pursued by a firm when there are strong pressures for cost reductions and
dimaraw [331]

Answer:  A)domestic strategy

Explanation: Domestic strategy is a type of marketing strategy that is particularly used for the domestic purpose that is when a company establishes branch for particular company for the marketing . They don't have a focus on global areas rather than considering only the geographical area in their part.

They establishes their marketing strategy according to the factors like cultures,need, traditions, demand, preferences etc.

8 0
3 years ago
In the BIG BUCKS LOTTERY, the chance of winning a $10 prize is 1%. What is your best guess about how many people would win a $10
3241004551 [841]

Answer:

The correct answer would be, 10 Persons.

Explanation:

If there are 1000 people in the Big Bucks lottery and there is a 1 percent chance of winning 10 dollars prize if all 1000 people buy the lottery ticket of 10 dollars. If every person buys 10 dollar lottery ticket, then the chances of winning people would be calculated as follows:

Total number of People = 1000

Chances of winning the lottery = 1%

So How many people would win 10 dollar lottery = 1000 * 1%

= 1000 * 0.01

= 10 People.

So there are chances that 10 out of 1000 people will win the lottery.

5 0
3 years ago
Read 2 more answers
A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 200 units is $4
Eddi Din [679]

Answer:

The correct answer is option B.

Explanation:

A firm sells a product in a purely competitive market.

The marginal cost of the product at the current output of 200 units is $4.00.

The average variable cost is $3.50.

The market price of the product is $3.00.

The market price is not covering the average variable cost. In this situation, the firm must be incurring losses. To minimize losses the firm should produce less than 1,000 units at the point where marginal cost is equal to market price and the average variable cost is being covered.

6 0
3 years ago
It had a brief existence of only sixteen months and was supplanted by the transcontinental telegraph. based on the context, what
laiz [17]
This "it" thing had a "brief" existence of just 16 months. The way it's referred to, it seems 16 months is not a long time for this to exist. Something much bigger, the transcontinental telegraph, came along. 

So "supplant" seems to mean "to replace, supersede, or surpass".
6 0
3 years ago
Read 2 more answers
an employee believes that the performance appraisal was unfairly influenced by a drug error that the employee committed several
notsponge [240]

The phenomenon experienced by the client when he believed that the performance appraisal was unfairly influenced by a drug error that the employee committed several weeks ago, is called the Horns Effect.

<h3>What is the Horns Effect?</h3>

The Horns Effect is a rater bias property in performance appraisal at workplace. It is a tendency for a single negative attribute to influence the rater to mark everything on the lower side of the scale. It is a bias that makes them think that one bad attribute seems to spoil the bunch.

It is the exact opposite of Halo Effect and makes decision making challenging. Horns Effect may lead to unfair sanctions or inappropriate dismissal of the employee.

To know more about Horns Effect, visit:

brainly.com/question/988504

#SPJ4

8 0
2 years ago
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