Every year ABC Corp. sells 1,500 units of its product. It is charged $37.60 every time...

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Every year ABC Corp. sells 1,500 units of its product. It is charged $37.60 every time it reorders from its supplier and its inventory holding costs are $14.80 per unit. In order to minimize overall inventory costs, what would be the firm's average number of units that it holds? Every year ABC Corp. sells 1,500 units of its product. It is charged $37.60 every time it reorders from its supplier and its inventory holding costs are $14.80 per unit. In order to minimize overall inventory costs, what would be the firm's average number of units that it holds?

Answer rating: 100% (QA)

The EOQ is the number of units of a product that a company shoul... View the full answer