Bill Is in Charge of the Inventory for Home Builder's

question 88

Multiple Choice

Bill is in charge of the inventory for Home Builder's Supply.As an inventory item gets low,he is to restock the item by a quantity that minimizes the total inventory costs for that item.What is this restocking quantity called?

• A)short order quantity
• B)refill unit quantity
• C)economic order quantity
• D)minimum stock level
• E)re-order limit

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Definitions:

Vertical Axis

In a graph, the vertical line, usually representing the dependent variable or the measure of outcome.

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A mathematical representation that associates levels of utility or satisfaction a consumer derives from consumption of goods and services.