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%.
<span>Michael Porter and Mark Kramer are economists and researchers who proposed theory that explains the relationship between economics ans society. According these economists an "essential test" for the worthiness of any additional social initiative is to determine whether it presents an opportunity to create shared value. The term shared value defines a meaningful benefit for society that is also valuable to the business.</span>
Answer: PANAS
Explanation:
PANAS is a positive and negative Affect Schedule, a self report questionnaire that has questions to evaluate the positives and negatives of a product or service. PANAS can be used to carry out customers research.
The quoted selling price per unit for 500 units should be $20.
<h3>What should be the quoted selling price per unit?</h3>
Profit is total revenue less total selling price.
Profit = total revenue - total cost
$4500 = 500(t - $11)
Where t represents the selling price per unit
$4500 / 500 = t - 11
$9 = t - 11
t = 11 + 9 = $20
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The main purpose of sub headings is to inform the reader about the information which the following paragraph will contain, it gives the reader a brief overview of the text.
