A. You run a business, located in a populous Western United States mountain community that sells outdoor adventure equipment such as backpacks and high-altitude clothing, and other camping and climbing gear. One of your prominent suppliers of backpacks is offering a significant discount on the new season model of backpack that is particularly popular to climbers in the area and throughout the United States. They will offer a 25% discount on the usual wholesale cost of these backpacks to your business, however you must purchase two times the usual number of backpacks in a single order (volume purchasing). 1. Without worrying about actual numbers, briefly describe the advantages and disadvantages of taking this discount on the high-volume purchase, particularly from the perspective of managing your working capital. 2. Describe what Economic Order Quantity is and what information you need to compute it. 3. Describe the Just-in-Time model of ordering inventory 4. Do you think these models work for someone who runs a business that sells such perishable items and goods as a restaurant?