Each Year You Sell 950 Units of a Product at a Price

question 10

Multiple Choice

Each year you sell 950 units of a product at a price of $899 each.The variable cost per unit is $575 and the carrying cost per unit is $16.90.You have been buying 100 units at a time.Your fixed cost of ordering is $60.What is the economic order quantity?

• A)82 units
• B)95 units
• C)105 units
• D)113 units
• E)124 units

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Definitions:

Beneficence

An ethical principle that refers to actions taken to benefit others, promoting the well-being of individuals.

Autonomy

The right or condition of self-governance, or making decisions independently of external influences.

Justice

A concept of moral rightness based on ethics, law, fairness, and equity, extending to the administration of law, with the aim of punishing wrongdoing and rewarding the right.

Social Media Marketing

Uses social media to influence consumers to purchase products and services.