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In the basic economic order quantity (EOQ) model, if monthly demand is a constant 430 units, the order quantity is 144 (12 dozen) , and the firm operates during fifty five-day weeks a year, the cycle time will be approximately:
Quota
A government-imposed limit on the amount or value of goods that can be imported or exported during a specified time period, often used to protect domestic industries.
Factor Endowments
The quantity and quality of labor, land, and capital that a country possesses and can utilize for manufacturing.
Free Trade
A policy wherein a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports).
Tariffs
Government levies on goods brought into the country.
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