Multiple Choice Questions

A 1,150 B 1,110 C 1,025 D 650 10. A business keeps an item in stock for which demand is 30,000 units per year. The cost of placing an order for the item is $40 and the cost of holding one unit of the item is $0·60 per year. The business uses the economic order quantity (EOQ) approach to derive the optimal order quantity for the item. ................
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