A Company Knows That Its EOQ Is 180 Units, That

question 10

Multiple Choice

A company knows that its EOQ is 180 units, that its holding cost is AED 2 and that the order cost is AED 90. Calculate the annual demand for its product.

• A) 340
• B) 360
• C) 380
• D) 400

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Definitions:

Professional Service

Expert services offered by individuals or firms, typically requiring certification or advanced education.

Human Resources

The division of a company involved in recruiting, hiring, training, and managing employees, focusing on enhancing workforce performance and compliance.

Operations Manager

A professional responsible for overseeing the production of goods and services, ensuring that business operations are efficient, effective, and aligned with the company's goals.

Process Control Systems

Automated systems used to monitor and control physical processes to ensure they operate within set parameters and quality standards.