Olde Store has 12,000 cans of crab meat just a week past the expiration date. Each can cost $0.31. The cans could be sold as is for $0.20 each, or relabeled and sold as gourmet cat food. The cost of relabelling the cans would be $0.04 per can and the cans would then sell for $0.29 per can. What should be done with the cans and why?© BrainMass Inc. brainmass.com June 4, 2020, 4:30 am ad1c9bdddf
It should relabel and sell, as this would reduce their losses. If they ...
This solution discusses a hypothetical situation where a business must decide what course of action to take with an expired product in order to get the biggest profit.