Due to Unprecedented Growth During the Year, Flowers by Kelly

question 70

Essay

Due to unprecedented growth during the year, Flowers by Kelly decided to use some of its surplus cash to increase the size of several inventory order quantities that had been previously determined using an EOQ model.
Required:
Identify whether increasing the size of inventory orders will increase, decrease, or have no effect on each of the following items.

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Definitions:

Nuts

Edible seeds or fruits with a hard shell, often used as a source of food or oil.

Berries

Small, pulpy fruits typically containing several seeds, enjoyed both fresh and in a variety of prepared foods.

Min Function

In mathematics, a function that identifies the smallest value in a set of numbers.

Income

Represents the money received, especially on a regular basis, for work or through investments.