Multiple Choice
Moors Manufacturing Ltd uses 5000 square metres of steel each year in its production process.Storage costs are $1 50 per square metre per year.Acquisition costs are $600 per order.What is the economic order quantity?
A) 2000 square metres.
B) 1500 square metres.
C) 25 square metres.
D) 1000 square metres.
Correct Answer:
Verified
Correct Answer:
Verified
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