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A retailer has decided to reduce the costs of a particular line of high-selling products by using the following strategies: (a) getting a discount from
A retailer has decided to reduce the costs of a particular line of high-selling products by using the following strategies: (a) getting a discount from the supplier by allowing them to increase the lead time from order to delivery to the store and (b) reducing their own costs of forecasting by using a sample of data points for the month as they believe this should be as good as using all the data points for the month. The retailer believes that these strategies will increase their margins by reducing overall product costs while still keeping the selling price constant. This strategy will have the effect of
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