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Used Furniture Sells 1,330 Sofas a Year at an Average

question 14

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Used Furniture sells 1,330 sofas a year at an average price per sofa of $549.The carrying cost per unit is $31.60.The company orders 75 sofas at a time and has a fixed order cost of $69 per order.The sofas are sold out before they are restocked.What is the economic order quantity?

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Definitions:

Relative Power

The amount of influence or control one entity or individual has in comparison to another within a given context.

Stakeholders

Individuals or groups who have an interest in the outcomes of a project, organization, or issue, as they may be directly or indirectly affected by it.

Emotional Blocks

Obstacles within a person's emotional processes that prevent them from achieving personal goals or fully engaging with life’s experiences.

Creative Decision Making

An approach to decision-making that involves thinking in novel ways, incorporating unique solutions and innovation.

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