Post Utme Bells University 2019 Commerce Question 4
Practice objective / multiple choice question 4 from the 2019 Post Utme Bells University Commerce examination.
A company's warehouse has a capacity of 10,000 units. The company's inventory level is currently at 5,000 units. The company's ordering cost is ₦100 per order, and the holding cost is ₦5 per unit per year. If the company wants to maintain a safety stock of 1,000 units, what is the optimal order quantity?
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About This Question
This is Post Utme Bells University 2019 Commerce Question 4. It is one of the objective questions from the 2019 Post Utme Bells University Commerce examination.
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