Table $5.2$ Consider the Following Data for an Independent Demand Item Maintained

question 117

Multiple Choice

Table $5.2$
Consider the following data for an independent demand item maintained by Vicki Crittenden, the proprietor of a local auto repair shop:


-Use the information in Table 5.2. Due to new ordering procedures initiated by Crittenden, the ordering cost is dropping to $4/order. At the same time, the weekly demand increases to 64 units per week due to an increase in business. What effect do these changes have on the EOQ quantity for this item?

• A) The EOQ quantity increases by 20 percent.
• B) The EOQ quantity remains unchanged.
• C) The EOQ quantity decreases by 20 percent.
• D) Sufficient information is not available for answering this question.

Comprehend the basic economic resources and their significance in the economy.

Illustrate how demographic changes impact per capita GDP.

Grasp the concept of net and gross investment and their role in GDP calculations.

Understand the importance of setting synergistic goals in a professional environment.