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Bank Drugs sells Jami Michelle lipstick.Jami Michelle Company offers a 6% discount on orders of at least 500 tubes,a 10% discount on orders of at least 1000 tubes,a 12% discount on orders of at least 1800 tubes,and a 15% discount on orders at least 2500 tubes.
Bank sells an average of 40 tubes of Jami Michelle lipstick weekly.The normal price paid by Bank Drugs is $1 per tube.If it costs Bank $30 to place an order and Bank's annual holding cost rate is 27%,determine the optimal order policy for Bank Drugs.
Subordinates
Individuals who are lower in rank or position in an organization and report to a superior or supervisor.
B.F. Skinner
A renowned psychologist who was a leading proponent of behaviorism, emphasizing the importance of reinforcement in shaping behavior.
Living Organism
A living organism is an individual entity that exhibits the characteristics of life, such as growth, reproduction, responsiveness to stimuli, and metabolism, encompassing entities from single-celled bacteria to complex multicellular humans.
Reinforcer
In psychology, a stimulus that increases the likelihood of a particular behavior being repeated.
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