Post Utme Nile University 2018 Commerce Question 30
Practice objective / multiple choice question 30 from the 2018 Post Utme Nile University Commerce examination.
A firm uses the economic order quantity (EOQ) model to determine its inventory order quantity. If the firm's demand rate is 1,000 units per month, the ordering cost is ₦100 per order, and the holding cost is ₦5 per unit per month, what is the optimal order quantity?
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About This Question
This is Post Utme Nile University 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Nile University Commerce examination.
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