Answer:
The correct answer is letter "B": Variation in both demand and lead time exists, and is known.
Explanation:
The Economic Order Quantity (EOQ) is a method to keep track of inventory based on several assumptions. According to the EOQ <em>demand is known, constant and independent; lead time is known and constant</em>; inventory receipts are immediate and complete; discounts on amounts are not feasible; and, stock-outs can be avoided absolutely.
Answer:
Make someone else director
Explanation:
I would be too lazy to do that. ;)
Yes it does because it helps us to be aware on the things that we should know on how to raise the animals with care.
Answer:
The correct answer is the letter d. the quantity of goods and services households, firms, the government, and customer abroad want to buy.
Explanation:
Aggregate demand brings together the total expenditure on goods and services of the following economic agents in an economy: households, businesses, the government, and the external sector. Thus, aggregate demand represents the aggregate consumption of a given economy, ie the amount of goods and services consumed at a given time in a country.
Answer:
A. True
Explanation:
An organization would usually measure the volume of its orders in order to meet up with demand while also making sure that the cost per order is maintained at the nearest minimum. The tool used to measure the volume of frequent orders is Economic order quantity(EOQ) .
When inventories are ordered, there will be continuous movement of inventory say from Q(order amount) to zero. This means that the average inventory is Q ÷ 2. Also, the inventory costs for each period is the same as average cost(Q/2) multiply by length of the period.