A company always determines its order quantity for a raw material by using the economic order quantity
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A company always determines its order quantity for a raw material by using the economic order quantity (EOQ) model.
What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material? Answer either HIGHER or LOWER.
(a) EOQ
(b) Annual holding cost
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a To answer either HIGHER or LOWER its effect would be t...View the full answer
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