QUESTION $3$

a$)$ A retailer forecasts that it will sell $30,000$ units of a product per year. The ordering cost is $$100$ per order,

and the holding cost per unit per year is $$2.$ Calculate the Economic Order Quantity $($EOQ$)$ and the number

of orders the retailer should place per year to minimise total inventory costs.

b$)$ Discuss the role of the Economic Order Quantity $($EOQ$)$ model in balancing the costs associated with

inventory management and its practical applications.

QUESTION $4$

Key success factors and core competencies significantly shape a firm's global operations strategy by

determining the most effective approach to meet market demands and leverage competitive strengths.

Discuss how key success factors and core competencies influence the choice of global operations strategy.

QUESTION $5$

Global operations strategies are essential for maintaining competitive advantage. Discuss the role of global

operations strategies in maintaining competitive advantage.