Economic order quantity A business uses 1000 units of a particular stock item each year. The costs

Question:

Economic order quantity A business uses 1000 units of a particular stock item each year. The costs of holding one unit of it for a year are £3 and the cost of placing each order is £30. What is the most economical size for each order?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: