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Tiger Treasures, Inc. is an online retailer selling AU souvenirs. Its best-selling SKU is a blinking button that flashes the phrase AU #1 in orange
Tiger Treasures, Inc. is an online retailer selling AU souvenirs. Its best-selling SKU is a blinking button that flashes the phrase "AU #1" in orange and blue lights. The company buys the product from a supplier in Memphis who uses FedEx for guaranteed delivery within 24 hours of being ordered. It costs $25 to place an order, and the button is held in inventory at a cost of $10 each. Annual demand is 190,384 buttons/year, and the company operates 24/7/365. The lead time is constant at 1 day, but the demand is variable with a standard deviation of 268.9. The company's service level target is 97.5%, and inventory holding costs are estimated to be 15% per year. Use the information above to answer the following questions: Flag question: Question 1 Question 13 pts What is the Economic Order Quantity? Group of answer choices Less than 2,450 Between 2,450 and 2,500 Between 2,500 and 2,550 Between 2,550 and 2,600 Greater than 2,600
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