1. If you are a business owner who is introducing new product to the market, newly developed reading glasses that can adjust to distance as you move your head up and down, which pricing strategy will you adopt to launch this product?
2. A supermarket stocks Hostess Cakes. The demand for these cakes is 6,000 boxes per year (365 days). It costs the store $100 per order, and $0.75 per box per year to keep the cakes in stock. Lead time is 4 days. Determine the following: a) The EOQ. b) The average inventory c) The optimal number of orders per year. d) The annual cost of ordering and holding inventory.