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A supplier will supply company A in batches of 100 units, but daily demand is unpredictable. Company A has prepared a payoff table to reflect the expected profits if different quantities are purchased and in differing market demand conditions.
If the maximin criteria is applied, how many units would be purchased from the supplier?
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A company is considering which one of three alternative courses of action, A, B and C, to take. The profit or loss from each choice depends on which one of four economic circumstances, I, II, III or IV, will apply. The possible profits and losses, in thousands of pounds, are given in the following pay-off table. Losses are shown as negative figures.
18
【论述题】
State which option would be selected using
The maximax decision rule
State which option would be selected using
The maximin decision rule
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20
【论述题】
Prepare a summary which shows the budgeted contribution earned by Stow Health Centre for the year ended 30 June 20X1 for each of nine possible outcomes.
Identify three major non-financial factors that AB would need to consider in making its eventual decision as to what to do.
Suggest one other course of action that AB might follow, explaining what you consider to be its merits and demerits when compared with your answer at (a) above.
Cost-based approaches to pricing take more account of the external environment than target costing.
Pricing based on mark-up per unit of limiting factor is particularly useful if an organisation is not working to full capacity.
A company currently sells a product for $40 and at this price, demand is 16,000 units per month. It has been estimated that for every $3 increase or reduction in the price, monthly demand will fall or increase by 2,000 units.
What is the formula for the demand curve for this product?
Which of the following pricing policies is the most appropriate for a new product for which the price elasticity of demand is expected to be inelastic?