Blossom's Flowers Purchases Roses for Sale for Valentine's Day

question 26

Multiple Choice

Blossom's Flowers purchases roses for sale for Valentine's Day. The roses are purchased for $10 a dozen and are sold for $20 a dozen. Any roses not sold on Valentine's Day can be sold for $5 per dozen. The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100, 200, or 400 dozen roses. Given 0.2, 0.4, and 0.4 are the probabilities for the sale of 100, 200, or 400 dozen roses, respectively, what is the EMV for buying 200 dozen roses?

• A) $4,500
• B) $1,700
• C) $1,000
• D) $2,500

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Definitions:

Synergies

The combined effect of a group or system that exceeds the sum of their individual effects, enhancing productivity or value.

Organizations

Groups of individuals working together towards common goals with a structured framework.

Ecosystem Concept

An approach in business that views industries and markets as interconnected environments where companies work cooperatively and competitively.

Strategic Thinking

The process of planning to achieve a desired future, considering long-term success and integrating foresight, insight, and peripheral vision.