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

question 61

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 EVPI for buying roses is

• A)$700
• B)$1,500
• C)$1,900
• D)$2,600

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Definitions:

Personal Investments

financial assets purchased with the expectation that they will generate income, appreciate in value, or both, including stocks, bonds, real estate, and mutual funds.

Sales Territory

A defined geographical area assigned to a salesperson or team, within which they are responsible for selling a company's products or services.

Customer's Problems

Issues or challenges faced by customers that may prompt them to seek solutions through purchasing products or services.

Selling Skills

The abilities and techniques a salesperson uses to connect potential customers with products or services, aiming to close a sale.