Post Utme Uniben 2023 Commerce Question 23
Practice objective / multiple choice question 23 from the 2023 Post Utme Uniben Commerce examination.
A company's inventory system uses the Economic Order Quantity (EOQ) model. If the company's demand rate is 100 units per month, the ordering cost is ₦50 per order, and the holding cost is ₦10 per unit per month, what is the optimal order quantity?
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About This Question
This is Post Utme Uniben 2023 Commerce Question 23. It is one of the objective questions from the 2023 Post Utme Uniben Commerce examination.
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