"Vertical integration helped the Carnegie Steel business because it reduced costs along the supply chain from mining and transportation to manufacturing. Carnegie bought out coal fields, iron mines and railroad lines to ensure that he could control the raw materials and transportation lines."
- Another Brainlier (not my answer, but I do think this will help you. Credit to the sources.)
Answer:
$132,860
Step-by-step explanation:
The attendance of the event is expected to be 14,600 patrons.
Based on past data, 65% of patrons will buy at least one souvenir.
Therefore at least:
0.65 X 14600 =9490 patrons will buy at least one souvenir.
Each Sourvenir costs $20
Total Least Expected Income = 9490 X $20 =$189,800
Since the company donates 30% to local charities,
Expected Profit= $189,800 - (30% of $189,800)
= $189,800-56940
=$132,860
