A bakery's use of corn syrup is normally distributed with a mean of 50 gallons per day and a standard deviation of 5 gallons per day. Lead time for delivery of the syrup is normal with a mean of 4 days and a standard deviation of 2 days
The manager wants a service level of 99 percent. Calculate the reorder point.
Answer: 434 gallons
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Indicate whether the statement is true or false
________ pricing refers to selling below cost with the intention of punishing a competitor or gaining higher long-run profits by putting competitors out of business
A) Oligopolistic B) Captive C) Dynamic D) Zone E) Predatory
Profit from the business will be included on the balance sheet in the assets section.
Answer the following statement true (T) or false (F)
A firm's final sales forecast is usually a function of ________
A) its net income B) the salesperson's estimates of demand C) internal and external factors in combination D) its accounts receivable