Question: Procurement entails purchasing, but not negotiating terms and prices. True or False Demand = 400 units, ordering costs = $10, annual carrying costs =$20, and

Procurement entails purchasing, but not negotiating terms and prices. True or False

Demand = 400 units, ordering costs = $10, annual carrying costs =$20, and operational days per year is 200. Thus, the length of the order cycle is 20 workdays. True or False

Demand = 400 units, ordering costs = $10, annual carrying costs =$20, and operational days per year is 200. Thus, EOQ is 20 units. True or False

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