ADVANCED DIPLOMA IN FINANCIAL MANAGEMENT - ACADEMIC AND ASSESSMENT CALENDAR DISTANCE poge 24 page sa 2.2.1 Define economic order quantity 2.2.2 Calculate the most economical order quantity. 23 Study the information below and answer the questions that follow: Normal usage or average requirement Maximum usage Minimum usage Re-order period Time required to receive emergency supplies 700 units per day 800 units per day 600 units per day 25 to 30 days 4 days monthly crage & Lead time + safelystor Calculate the following: 2.3.1 Ordering point 2.3.2 Minimum limit/level 2.3.3 Danger level