A Company Is Planning to Manufacture a New Blender

question 13

Short Answer

A company is planning to manufacture a new blender.After conducting extensive market surveys,the research department estimates a weekly demand of 600 blenders at a price of $50 per blender and a weekly demand of 800 blenders at a price of $40 per blender.Assuming the demand equation is linear,use the research department's estimates to find the revenue equation in terms of the demand x.

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Definitions:

Supply Chain Relationships

The interactions and connections between various entities involved in the production and distribution of goods, from suppliers to customers.

Bullwhip Effect

The Bullwhip Effect describes the phenomenon where variability in consumer demand causes progressively larger fluctuations in demand experienced by upstream suppliers in a supply chain.

Efficient Frontier

In finance, a set of optimal portfolios that offer the highest expected return for a given level of risk or the lowest risk for a given level of expected return.

Responsiveness

The ability of an organization or system to quickly react to changes or needs within its environment or among its stakeholders.