Business, 16.06.2021 20:00 piggygirl211

In a particular setting where the newsvendor model applies, demand is Normally distributed and the critical ratio is 0.4. Then, if the profit maximizing quantity (i. e., the Newsvendor ordering quantity) were ordered: a. the expected sales is less than expected demand;
b. the expected sales is greater than expected demand;
c. the expected sales is exactly equal to expected demand;
d. the expected sales could be less than, equal to or greater than expected demand.

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