A Widget Store Sells 12,000 Widgets Per Year and Meets

question 103

Multiple Choice

A widget store sells 12,000 widgets per year and meets the qualifications outlined in the economic order quantity (EOQ) model.Ordering costs for widgets are $14 per order and holding costs are $0.50 per widget per year.How many orders per year should this business make?

• A) 12
• B) 13
• C) 14
• D) 15

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Definitions:

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