Question: 1. A product has constant demand. Given the unit item cost is 80 dollars, average annual demand is 520 units, ordering cost is 10$ per

1. A product has constant demand. Given the unit

1. A product has constant demand. Given the unit item cost is 80 dollars, average annual demand is 520 units, ordering cost is 10$ per order and annual holding cost is 30% of the item value, what is the annual ordering cost for the product when the order size is optimal? a. $120 b.$250 c. $1000 d. $750 e. $500

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