Question: State why each of the following changes would affect (i) reorder point and (ii) EOQ, and state whether the effect would be an increase or

State why each of the following changes would affect (i) reorder point and (ii) EOQ, and state whether the effect would be an increase or a decrease in quantity.
a. Increase in demand for an inventory stock item
b. Decrease in the to the firm holding the inventory
c. Increase in salaries in the purchasing and receiving departments

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