13 Not yet answered Marked out of 1.0 Flag question When a number of small businesses join their small requirements together and place one big order to the supplier, this is called Market purchasing Group purchasing Speculative purchasing Cooperative purchasing Question 15 Not yet answered Marked out of 1.0 Flag question Wherever possible for a business, the spoilage units are fixed and sold. The cost of fixing these units should be treated normal when: The number of units are not expected from production All of these The number of units are returned from customers The number of units are expected from production Question 10 Not yet answered Marked out of 1.0 Flag question The sale price of a unit of product is OMR 10 while purchase price OMR 7. The normal demand for the product is 250 units per week. Company has to spend around OMR 300 each time for buying a group of units. Store manager has estimated per unit storage expense @2% purchase cost. The economic order quantity for the business will be: 3,586 units 3,000 units None of these 2,500 units