Post Utme Wellspring University 2025 Commerce Question 29
Practice objective / multiple choice question 29 from the 2025 Post Utme Wellspring University Commerce examination.
A firm uses the Economic Order Quantity (EOQ) model to determine the optimal order quantity. The firm's demand rate is 10,000 units per year, and the ordering cost is ₦500 per order. If the firm wants to minimize its total inventory cost, what is the optimal order quantity?
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This is Post Utme Wellspring University 2025 Commerce Question 29. It is one of the objective questions from the 2025 Post Utme Wellspring University Commerce examination.
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