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I, Answer the question following the fact pattern:

A] Warehouse manager knows that the cold season has passed. He still has Winter items that he would like to sell. He offers to retailers:

- coats @75/ea; 40/15 net 30; Retailer purchases 10 coats on June 30th

-gloves @30/pair; 25/15; Retailer purchases 50 pairs of gloves on July 1st

- boots @140/pair 35/5; Retailer purchases 27 pairs of boots on July 5th

*** additional 7 and 1/2% for out of season purchase.

A] Having inspected the bought items Retailer notices that several of them are damaged:

- 3 of the coats; 8 pairs of gloves; 5 pairs of boots. On July 8th When Retailer returns to pay he notices a sign that reads: "All damaged items return for exchange only. If exchange not possible then refund at the per item purchase price". There are no more coats, 6 pairs of gloves are available, only 3 pairs of boots remain. What is Retailer's total bill?

II. Company is ready to introduce its widget into the marketplace. Only one other comparable widget exists. That widget costs $28. However, Company's widget has several features that the other does not. Research has shown that at least 20% of potential purchasers would really appreciate these features. Company has decided that its widget price can range from $28 to $35. Company decides to sell its widget for $34.99. What pricing strategy (ies) has Company chosen? Explain.

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