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1. Provide two examples of a product that can be managed using the Newsvendor model. Justify your picks. Hint: think of the three conditions under which the newsvendor model is applicable. 3-4 sentences per product 12. In the context of the newsvendor model, when should you order exactly the quantity that you expect to sell? 1-2 sentences 13. In the context of the newsvendor model, when should you order a different quantity than what you expect to sell, why? 3 - 4 sentences
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