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

question 67

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,then the optimal alternative using EMV for selling roses is to buy _____ dozen roses.

• A)100
• B)200
• C)400
• D)600

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Definitions:

Deceptive Trade Practices

Unfair business practices that mislead or deceive consumers, usually regulated by laws to protect consumer rights.

Multiple Product Orders

The process or action of purchasing more than one item or service at a time from the same provider.

Corrective Advertising

Advertising designed to correct previous misleading or deceptive advertisements.

Federal Trade Commission Act

A United States federal law established in 1914 to promote consumer protection and to eradicate anticompetitive business practices.