Question: 9 3 . A company determines its order quantity for an inventory by using the Economic Order Quantity ( EOQ ) model. The

93. A company determines its order quantity for an inventory by using the Economic Order Quantity ("EOQ") model. The EOQ order quantity for last year was 300 units while the cost of placing a purchase order was $50 and the cost of holding one unit of the inventory per annum was $15. Calculate the number of orders for last year.
a.30 orders.
b.45 orders.
c.60 orders.
d.90 orders.

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