Multiple Choice
Annual demand for a product is 40,000 units.The product is used at a constant rate over the 365 days the company is open every year.The annual holding cost for the product is estimated to be $2.50 per unit and the cost of placing each order is $125.00.If the company orders according to the economic order quantity (EOQ) formula,then ________ orders are placed annually.
A) 5
B) 10
C) 15
D) 20
Correct Answer:
Verified
Correct Answer:
Verified
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