You are conducting a retrospective analysis using Newsvendor model. The price for the product is $45 and the procurement cost is $18 (no disposal cost or salvage value). The demands for the past four weeks are given in the table below.

Week	Demand
1	94
2	81
3	77
4	98

If you choose to order 88 units at the beginning of each week, the weekly retrospective profit (note: NOT the total profit) is within the range of

Question 3 options:

	Below $1700
	$1700 - 1800
	$1800 - 1900
	$1900 - $2000
	Above $2000

Answer rating: 100% (QA)

Solution Unit Profit Sales Price per unit Cost price per unit 45 per uni... View the full answer