Answer the following questions using the information below:
The following information applies to Labs Plus, which supplies microscopes to laboratories throughout the country.Labs Plus purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation. 
-What is the reorder point at Labs Plus?
Definitions:
English Auction
A bidding process where participants bid openly against one another, and the item is sold to the highest bidder.
Estimates Values
An approximation of the worth of goods, services, or financial instruments calculated through analysis or assessment techniques.
High-value
Describes goods, services, or properties that possess a significant worth or quality compared to others of a similar nature.
Winning Price
The final price at which a good or service is sold in an auction or competitive bidding process.
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