(The Following Information Applies to the Next Three Problems

question 22

Multiple Choice

(The following information applies to the next three problems.)
Assume that Fashion Clothiers Inc. uses 1,440,000 yards of material each year. Further, assume that Fashion can order the material at a cost of $2 per yard, plus fixed ordering costs of $100 per order. The firm's carrying cost is 20 percent of the inventory value, at cost.
-What is Fashion inventory? Clothiers' minimum
Costs of ordering and holding

• A) $ 6,254
• B) $10,733
• C) $11,560
• D) $13,563
• E) $19,825

Examine the role and impact of raw materials in global trade.

Distinguish between different types of markets and economic concepts relevant to global trade.

Understand the roles and strategies of multinational corporations in global markets.

Analyze the ethical and socioeconomic implications of globalization.