A Retailer Is Deciding How Many Units of a Certain

question 86

Multiple Choice

A retailer is deciding how many units of a certain product to stock.The historical probability distribution of sales for this product is 0 units,0.2;1 unit,0.3;2 units,0.4,and 3 units,0.1.The product costs $8 per unit and sells for $25 per unit.What is the conditional value for the decision alternative "Stock 3" and state of nature "Sell 1"?

• A)1.4 units
• B)$1 profit
• C)$25 profit
• D)$-8 profit
• E)$23.80 profit

Recognize the importance of competitive positioning during sales presentations.

Identify the flexibility and requirement of detailed prospect analysis in problem-solution presentations.

Acknowledge the necessity of prior contact with the buyer in problem-solution methods.

Realize the significance of preparation in strong negotiation.

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Definitions:

Electrical Appliances

Devices operated by electricity that are used for household functions such as cooking, cleaning, or personal care.

New Regulations

Recently implemented rules or laws designed to control or govern conduct, usually within a specific activity or industry.

Appliance Producers

companies engaged in the manufacture of electrical or mechanical devices designed for household use.

Crony Capitalism

A type of economic system where business success is heavily influenced by close relationships between business owners and government officials.