Teddy bower parkas teddy bower is an outdoor clothing and, Ask an Expert

Management Studies

(Teddy Bower Parkas) Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $10 each from its Asian supplier, TeddySports. Unfortunately, at the time of order placement, demand is still uncertain. Teddy Bower forecasts that its demand is normally distributed with mean of 2,100 and standard deviation of 1200. Teddy Bower sells these parkas at $22 each. Unsold parkas have little salvage value; Teddy Bower simply gives them away to a charity.

B) Please provide a full break down of how many parkas should teddy Bower buy from Teddy Sports to Maximize expected profit.

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M92494959

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