1 expected profit is a direct measure of how well a company, Ask an Expert

Management Studies

1. Expected profit is a direct measure of how well a company serves its customers. True or False?

2. Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery A gives a 70% discount for its bread at the end of the day. What is the salvage value of its bread? A. $2.00 B. $0.60 C. $0.50 D. $0.10

3. Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is 400 or less? A. 97.7% B. 95.4% C. 47.7% D. 2.3%

4. The difference between the __________ and _____________ is the mismatch costs in the newsvendor model. A. maximum profit, expected profit B. maximum profit, expected sales C. minimum profit, expected profit D. minimum profit, expected sales.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92589224

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