My Recent Marketing Idea, the Miracle Algae Growing Kit, Has

question 111

Short Answer

My recent marketing idea, the Miracle Algae Growing Kit, has been remarkably successful, with monthly sales growing by 4% every 6 months over the past 8 years. Assuming that I sold 250 kits the first month, what is the present rate of sales Round your answer to the nearest whole number.

__________ kits per month

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Definitions:

Inventory Carrying Cost

The total costs associated with holding and storing unsold goods, including warehousing, insurance, depreciation, and opportunity costs.

Production Setup

The process of preparing and arranging resources and equipment to begin a manufacturing operation.

ABC Analysis

An inventory categorization technique that divides items into three categories (A, B, and C) based on their importance and value to the organization.

Annual Demand

The total quantity of a product or service that is expected to be sold or required over the course of a year.