Multiple Choice
A certain type of computer costs $10 per unit, and the annual holding cost is 25% of the value of the item. Annual demand is 1,000 units, and the order cost is $150 per order. What is the approximate economic order quantity?
A) 120,000
B) 866
C) 110
D) 1095
E) 346
Correct Answer:
Verified
Correct Answer:
Verified
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