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For a long life cycle product, a company uses EOQ-Reorder point model to manage its inventory (i.e., it places an order of size EOQ, whenever
For a long life cycle product, a company uses EOQ-Reorder point model to manage its inventory (i.e., it places an order of size EOQ, whenever its inventory reaches reorder point). All else remaining the same, how should the company respond to an increase in demand standard deviation. Group of answer choices Decrease reorder point Decrease order quantity Increase order quantity Increase reorder point
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