What is company in-stock probability

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1. Tier 2 suppliers are primary suppliers to manufacturers. True or False?

2. Which of the following statements is TRUE regarding tier 1 suppliers?

A. Tier 1 suppliers are the starting point of a supply chain.

B. Tier 1 suppliers are the primary suppliers to tier 2 suppliers.

C. Tier 1 suppliers are the primary suppliers to retailers.

D. Tier 1 suppliers are the primary suppliers to manufacturers.

3. Company A fails to satisfy some 15% of customers’ orders last month. What is Company A’s in-stock probability?

A. 15%

B. 85%

C. 100%

D. Cannot be determined

4. A wide and short density function has a large ____________ relative to the _________.

A. standard deviation, mean

B. standard deviation, outcome

C. mean, standard deviation

D. mean, outcome

5. Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is its maximum profit?

A. $5000

B. $7500

C. $8000

D. $12,500

Reference no: EM132152462

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