What type of business or industry might use this strategy

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1. Discuss one of the pricing strategies examined in the textbook including details of how it is implemented within an organization. What type of business or industry might use this strategy? Provide a real-life example of a company that might utilize this strategy.

2. Maile’s Flower Shop gets a rose delivery once per week for which they pay 33 cents per rose. Roses are sold for $1.52 per bud. By the end of the week, the last week’s roses have wilted to the point that they are unsalable and are discarded. Sales are normally distributed with a mean of 751 roses per week and a standard deviation of 100. How many roses should Maile purchase?

Reference no: EM132153622

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