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What is the total inventory cost if annual demand is 75,000 units per year,the order quantity is 2,400 units,the holding cost is $0.375 per unit,and the ordering costs are $14.40?
Performance
The act or process of carrying out an action, task, or function, often evaluated in terms of effectiveness, efficiency, or achievement of objectives.
Independently
Independently means acting on one's own without influence, support, or control from others, often implying self-sufficiency or autonomy.
Critical Thinking
The objective analysis and evaluation of an issue in order to form a judgment.
Passive Behavior
A pattern of avoiding direct communication, conflict, or confrontation, often characterized by compliance, avoidance of responsibility, and failing to express one’s own needs or preferences.
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