A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. The EOQ model is appropriate
The cost-minimizing solution for this product will cost ________ per year in total annual inventory (holding and setup) costs.
A) $400
B) $800
C) $1200
D) Zero; this is a class C item.
E) Cannot be determined because the unit price is not known.
B
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Functional turnover represents a positive change for organizations.
Answer the following statement true (T) or false (F)
What form of organization enables a multinational enterprise to retain control and authority over all phases of operation?
a. Direct export sales. b. Wholly owned subsidiaries. c. Joint ventures. d. None of these.
________ is when a firm tries to find and acquire either poorly performing firms with unrealized potential or firms in industries on the threshold of significant, positive change, thereby creating value within business units.
A. Restructuring B. Parenting C. Leveraging core competencies D. Sharing activities
Marble Inc. is a new firm that entered the smartwatch industry during the growth stage of the industry life cycle. It managed to become one of the top-three smartwatch manufacturers during the shakeout stage due to its low-cost structure. What features should Marble emphasize in its product marketing to ensure it successfully crosses the chasm into the maturity stage?
A. the company's outsider status B. sleek and trendy design C. ease of use D. advanced capabilities