The Red Lobster (RL) restaurant chain has been using two seafood vendors for lobster: Cape Cod Fisheries (CCF) and Maine's Best. Lobsters from CCF averaged $2.20/pound last year while Maine's Best averaged $3.33/lb. While quality has been good from both vendors, CCF continually delivers late and RL has to pay the dock employees overtime to accept deliveries. Last year's overtime costs were $50,000. RL purchased a total of 100,000 lbs. last year from CCF. Calculate the Supplier Performance Index (SPI) for CCF. A.) 2.20 B.) Not enough info available C.) 1.23 D.) 1.33 E.) 1.05

The Red Lobster (RL) restaurant chain has been using two seafood vendors for lobster: Cape Cod Fisheries (CCF) and Maine's Best. Lobsters from CCF averaged $2.20/pound last year while Maine's Best averaged $3.33/lb. While quality has been good from both vendors, CCF continually delivers late and RL has to pay the dock employees overtime to accept deliveries. Last year's overtime costs were $50,000. RL purchased a total of 100,000 lbs. last year from CCF. Calculate the Supplier Performance Index (SPI) for CCF. A.) 2.20 B.) Not enough info available C.) 1.23 D.) 1.33 E.) 1.05

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter24: Price-searcher Markets With High Entry Barriers

Section: Chapter Questions

Problem 9CQ

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