1 The newsvendor model works well for perishable products True or False 2 The newsvendor model balances which two costs (choose all that apply)? a. Fixed cost of ordering b. Cost of ordering too many c. Variable cost of shelving items d. Overhead of facility operations e. Running out and losing profits 3 The basic calculation in the newsvendor model will result in a calculation of: a. Minimum order quantity b. Optimal probability of running out c. Exact profit that will be earned d. The probability that next year's styles will be more popular than this year's.