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Q4: Dominic's supermarket chain sells Nut Flakes, a popular cereal manufactured by the Tastee cereal company. Demand for Nut Flakes is 8,640 boxes per week.

image text in transcribed Q4: Dominic's supermarket chain sells Nut Flakes, a popular cereal manufactured by the Tastee cereal company. Demand for Nut Flakes is 8,640 boxes per week. Dominic's has a holding cost of 25 percent and incurs a fixed trucking cost of $1,200 for each replenishment order it places with Tastee. Assume the company operates 50 weeks a year. (a) Given that Tastee normally charges $5.00 per box of Nut Flakes, how much should Dominic's supermarket chain order in each lot? (b) Tastee runs a trade promotion, lowering the price of Nut Flakes to $4.50 for a month. How much should Dominic's supermarket chain order, given this short-term price reduction? What is the forward buy

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