Predict how many copies she should purchase

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Reference no: EM131311467

WHAT SHOULD THE MUSIC STORE OWNER DO?

A music store owner wants to have enough of the hottest CDs in stock so that people who come in to buy a particular CD won't be disappointed-and the store won't lose the profit. CDs that are not sold within a certain length of time go onto the sale table where they may have to be sold at cost, if they sell at all.

The owner wants to design a decision support system to predict how many copies she should purchase and what information she will need. List some of the considerations that would go into such a system. Here are a couple to start you off:

(1) the population of the target market;

(2) sales for particular types of music in similar markets.

Reference no: EM131311467

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