Order the answer to: The stocking system is updated…
|Question||3. The stocking system is updated daily at 11:59 pm. This number has been consistent every day until the beginning of a new financial year. At the beginning of the new financial year each year (15t July), the company will impose a 10% increase in the supply of cantilever umbrellas to its distributors (rounded up) and 5% increase of the RRP due to inflation. 1. Based on statistics, global financial crisis happens every 9 years, and lasts for another 2 years, the number of cantilever umbrella distributed to distributors will drop by 20% in the first year when global financial crisis hit the market, the number will continue to drop by 10% and 5% for the next 2 years when the economy is recovering. In order to make up the losses, during the year that a global financial crisis starts, the company will add an additional 10% increase in RRP to the product, the increase of the product RRP will become 5% in the next year, and 3% the year after to make up the loss.|
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