Question: QUESTION 1 An automated inventory system will enable a retailer to reduce their ordering cost by 50%. Assuming demand and product cost stay the same,

QUESTION 1 An automated inventory system will

QUESTION 1 An automated inventory system will enable a retailer to reduce their ordering cost by 50%. Assuming demand and product cost stay the same, after implementing the new system a. Inventory will be reduced O b. Lead time will increase C. The retailer's economic order quantity will decrease d. Retailer's labor cost will rise QUESTION 2 When a firm combines multiple languages on one user manual, that virtual aggregation is refered to as a. Component commonality b. Postponement c. Product substitution d. Information centralization QUESTION 3 A greeting card store sells baby photo albums. Demand is 85 units per month and setup ordering cost of $3. Each unit costs $25 and there is an annual holding cost of 20%. The economic order quantity would be a. 5 b. 7 c. 2 d. 12

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