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In the basic EOQ model, if annual demand and carrying costs both reduce by 50%, the effect on the EOQ is: It doubles O It is about half of its previous amount It is about 70% of its previous amount It remains the same A fixed-order quantity (continuous review) inventory system has the benefit of which of the following, compared to a fixed-time period (periodic review) system? Lower time investment in maintaining the system Lower overall inventories Easier bundling of orders for multiple products All of the above For a Mondo Mountain bike, annual holding cost is $2000, annual order cost is $1000. If the current order quantity is 400 bikes, what should the EOQ be? More than 400 bikes Less than 400 bikes 400 bikes Not enough information to determine