Which of the Following Is a Dynamic Lot-Sizing Technique That

question 106

Multiple Choice

Which of the following is a dynamic lot-sizing technique that adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size,picking the lot size with the lowest unit cost?

• A)Economic order quantity
• B)Lot-for-lot
• C)Least total cost
• D)Least unit cost
• E)Inventory averaging

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Definitions:

Output Effect

The impact on total output or production due to a change in selling price, affecting the quantity sold.

Price Effect

The impact on consumer demand and consumption patterns caused by changes in the price of goods or services.

Collude

To cooperate secretly, especially with the intention to deceive or achieve an illegal or deceitful purpose.

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.