The Manager of Paul's Fruit and Vegetable Store Is Considering

question 24

Multiple Choice

The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Because this seedless watermelon costs $4,will sell for $7,and is highly perishable,he expects only to sell between six and nine of them. Based on a maximin decision strategy,what alternative is selected?

• A)Order 6
• B)Order 7
• C)Order 8
• D)Order 9

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Definitions:

Lateral Thinking Technique

A problem-solving approach that involves looking at situations or challenges from a new and unconventional perspective, often leading to creative solutions.

Cross-Fertilization

The sharing or exchange of ideas, knowledge, or innovation across different disciplines, organizations, or cultures, leading to new insights or developments.

Satisficing

A decision-making strategy that aims for a satisfactory or acceptable outcome, rather than the optimal solution.

Collaborative Software Technology

Digital tools and platforms designed to facilitate cooperative work among team members located in the same or different geographical locations.