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Answer to Question #350419 in Management for gulnigor
Question #350419
1. The regular yearly consumption of ‘ABC’ Ltd is 78,500 units at a price of $120 per unit. The storage cost is 22% on an average inventory and the cost of placing an order is $200.
a) How much quantity is to be purchased at a time?
b) State the number of order to be placed in a year?
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