Norwich Company Has Determined the Following Costs Are Associated with One

question 39

Multiple Choice

Norwich Company has determined the following costs are associated with one of its products. $E = E$ conomic order quantity (EOQ)
$\mathrm { Q } =$ Annual quantity used in units $\quad$ $\quad$ $\quad$ $\quad$$\quad$ 4800
$P =$ Cost of placing one order (f) $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ 3
$\mathrm { C } = \mathrm { A }$ nnual cost of carrying one unit in stock (E) $\quad$ 8

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If the cost of carrying one unit in stock is increased to £4 and the annual quantity used in units decreases to 14,000 units the economic order quantity (EOQ) is

• A)1222 units.
• B)1122 units.
• C)1000 units.
• D)1025 units.

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Definitions:

Subliminal Perception

The process by which individuals can respond to information and stimuli that are below the level of conscious awareness.

Selective Retention

The process by which individuals remember only that information which aligns with their beliefs or knowledge, often leading to biased decision-making.

Consumer Purchase Decision Process

The stages a buyer goes through in making choices about which products or services to buy, including problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.

Alternative Evaluation

The stage in the consumer decision-making process where individuals compare different products or brands they have identified as being capable of satisfying their need.