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Meet Mike. Mike runs a men's clothing line. Mike needs to buy 24,000 shirts per year to fulfil demand (D). He incurs a setup cost

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Meet Mike. Mike runs a men's clothing line. Mike needs to buy 24,000 shirts per year to fulfil demand (D). He incurs a setup cost of R200 and a holding fee of R32 per shirt. He needs to know his EOQ. Based on the information provided above, the EOQ is 920 units. Select one: True False

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