Question: You work for a retailer that sells computer games. One of those games is Quex. Answer the following questions using this information: Annual demand is

You work for a retailer that sells computer games. One of those games is Quex. Answer the following questions using this information:
Annual demand is 3,000 games
Ordering cost is $50 each time an order is placed
Inventory holding/carrying cost is 20% of the item purchase cost
Purchase cost is $20 per game
You decide to decrease the amount that you order each time from 1000 games to 300 games. What is the total annual cost? What are the ordering costs? What are the holding/carrying costs?You work for a retailer that sells computer games. One of those games is Quex. Answer the following questions using this information:
Annual demand is 3,000 games
Ordering cost is $50 each time an order is placed
Inventory holding/carrying cost is 20% of the item purchase cost
Purchase cost is $20 per game
You decide to decrease the amount that you order each time from 1000 games to 300 games. What is the total annual cost? What are the ordering costs? What are the holding/carrying costs?

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