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Scenario 22-4
Three members of the DiCarlo family, Vinny, Maria, and Franki, are choosing the entree for a large family reunion. Their options are: spaghetti, ravioli, lasagne, and pizza. Vinny prefers spaghetti over lasagne, lasagne over ravioli, and ravioli over pizza. Maria prefers ravioli over spaghetti, spaghetti over pizza, and pizza over lasagne. Frankie prefers pizza over ravioli, ravioli over lasagne, and lasagne over spaghetti.
-Refer to Scenario 22-4. If, before any votes were cast, ravioli was eliminated from the choices and the vote were conducted according to a Borda count system where each person's first choice receives 3 points, second choice 2 points, and third choice 1 point, the election winner would be
Retailer
A business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.
Sales Commissions
Compensation paid to sales employees, usually calculated as a percentage of the sales they generate.
Freight In
The cost of transporting goods into a business, typically considered as part of the cost of goods purchased.
Quantity Discounts
Price reductions given to customers who purchase large quantities of a product, encouraging bulk buying.
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