Scenario 9.6 Consider the Following Data for an Independent-Demand Item Maintained by Maintained

question 112

Multiple Choice

Scenario 9.6
Consider the following data for an independent-demand item maintained by Angie Bonpensiero, the proprietor of a local auto repair shop:
Weekly demand = 50 units
Ordering cost = $8/order
Holding cost = $4/unit/year
Weeks in a year = 50
-Use the information in Scenario 9.6. If Bonpensiero uses the EOQ model, how frequently must she place orders for this item?

• A) every week
• B) every 2 weeks
• C) every 3 weeks
• D) every 4 weeks

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Definitions:

Extrinsic Environmental Components

External factors that influence an organization's performance, including economic, political, and social conditions.

Creativity

The ability to generate original ideas, approaches, or solutions to problems.

Originality

The quality of being novel or unique in concept, creation, or execution.

Inventiveness

The quality of being resourceful and innovative in creating something new or solving problems.