Question: QUESTION 3: [13] 3.1. The economic order quantity technique is relatively easy to use but is based on several assumptions. Discuss these assumptions (6) 3.2.

QUESTION 3: [13] 3.1. The economic order quantity technique is relatively

QUESTION 3: [13] 3.1. The economic order quantity technique is relatively easy to use but is based on several assumptions. Discuss these assumptions (6) 3.2. The KSS Company estimates its carrying cost at 15% and its ordering cost at R9 per order. The estimated annual requirement is 48,000 units at a price of R4 per unit. 3.2.1. What is the most economical number of units to order? (3) 3.2.2. How many orders should be placed in a year? (2) 3.2.3. How often should an order be placed? (2)

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