Stan Lee's Sells 4,300 Carpets a Year at an Average

question 100

Multiple Choice

Stan Lee's sells 4,300 carpets a year at an average price per carpet of $1,490. The carrying cost per unit is $21.63. The company orders 500 carpets at a time and has a fixed order cost of $69 per order. The carpets are sold out before they are restocked. What is the economic order quantity?

• A) 147 carpets
• B) 166 carpets
• C) 184 carpets
• D) 315 carpets
• E) 348 carpets

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Definitions:

Deal Directories

Online platforms that compile and categorize promotions, discounts, and deals from various businesses for consumers.

Tactics Of Influence

Strategies or methods employed to persuade or impact others' decisions or behaviors in a specific way.

Social Shopping Tool

A digital tool or platform that combines e-commerce and social media features to enhance the online shopping experience through community engagement.

Geo-Location Programs

Applications or services that use geographical data and location tracking to provide relevant content, advertisements, or features based on the user's location.