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b) Which design option should be selected and why? (2 marks) 2. Your business sells widgets. Your supplier notices that you have been selling a

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b) Which design option should be selected and why? (2 marks) 2. Your business sells widgets. Your supplier notices that you have been selling a lot of widgets and decides to offer you a discount. The discount schedule is shown below. The normal cost for the widget is $3.00. As your business buys more units, the cost per unit drops. For each order placed, the ordering cost is $25.00 per order. The annual demand for widgets is 7,000. If the holding cost is 18% of the cost which order quantity will minimize the total inventory cost for your business? (10 Marks) Discount Number Discount Quantity Discount % Discount Price ($) (Units) 0-999 3.00 1000-1999 5 2.85 3 2000+ 7 2.79 0 1 2 3. Your grocery store has a single check out counter. On average the customer has 15 items in

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