Under the all-unit quantity discount contract, Hastings Sportswear’s optimal ordering quantity is with its expected/average profit of $ . (Hint: please round both of your answers to the nearest positive integer number. E. g., answers between 12345.01 and 12345.44 should be rounded down to 12345, and answers between 12345.45 and 12345.99 should be rounded up to 12346.) Now, instead of offering all-unit quantity discount, Global-Fashion offers an incremental quantity discount of 25%, if Hastings Sportswear orders 920 skiwear items or more (e. g., if Hastings Sportswear orders 1000, then it will pay $80 apiece for the first 920 items and pay $60 apiece for the additional 80 items). Build up your simulation model (the expected profit estimation should be based on the average profit of 100000 simulation runs) and answer the following question: Question 2: Under this incremental quantity discount contract, Hastings Sportswear’s optimal ordering quantity is with its expected/average profit of $ . (Hint: please round both of your answers to the nearest positive integer number.)

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)