Post Utme Uniben 2018 Commerce Question 30
Practice objective / multiple choice question 30 from the 2018 Post Utme Uniben Commerce examination.
A company has a warehouse that stores 1000 units of a product. The company wants to determine the optimal inventory level for the product. The holding cost per unit is ₦20, and the ordering cost per order is ₦100. If the company wants to minimize its total cost, what should it do?
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About This Question
This is Post Utme Uniben 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Uniben Commerce examination.
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