Jays Sporting Goods is a chain of sporting goods stores found in 1948 and with locations throughout the United States. One of their top selling products each Spring and Summer are fishing rod & reel combinations. The location in Selinsgrove, PA is trying to expand sales for fishing equipment into the winter months, and has started stocking products by the brand Thirteen Fishing, which include ice fishing equipment. The table below provides data from Q4 of 2023 for rod & reel combo inventory at the Selinsgrove location. The store did not receive any inventory replenishments during this quarter. a) What was the in-stock probability across all rod & reel products in the table above over the quarter? b) What was the in-stock probability of just the ice fishing products in the table above over the quarter? c) A consumer entering the store last quarter wants to buy a Thirteen Fishing branded rod and reel combo listed in the table above. Would this consumer be more likely to find an icefishing product or a non-ice fishing product in-stock?

Jays Sporting Goods is a chain of sporting goods stores found in 1948 and with locations throughout the United States. One of their top selling products each Spring and Summer are fishing rod & reel combinations. The location in Selinsgrove, PA is trying to expand sales for fishing equipment into the winter months, and has started stocking products by the brand Thirteen Fishing, which include ice fishing equipment. The table below provides data from Q4 of 2023 for rod & reel combo inventory at the Selinsgrove location. The store did not receive any inventory replenishments during this quarter. a) What was the in-stock probability across all rod & reel products in the table above over the quarter? b) What was the in-stock probability of just the ice fishing products in the table above over the quarter? c) A consumer entering the store last quarter wants to buy a Thirteen Fishing branded rod and reel combo listed in the table above. Would this consumer be more likely to find an icefishing product or a non-ice fishing product in-stock?

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 11DRQ

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