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A stockiest of a particular commodity makes a profit of Kshs. 30 on each sale made within the same week of purchase; otherwise he incurs a loss of Kshs. 30 on each item. The data on the past sales are given below:
No. of Items sold within the same week 5 6 7 8 9 10 11
Frequency 0 9 12 24 9 6 10
a. Find out the optimum number of items the stockiest should buy every week in order to maximize the profit b. Calculate the expected value of perfect information
which hinges a mid size bar and grill are good inviting customer service and the menus. Menus must be reviewed and customer's reactions to various items/products must be noted and improved.
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Explain how the information found in the PEST analysis could impact positively or negatively Bianchi's business opportunities in the UK.
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