Calculate the order size-total orders required during year

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Reference no: EM131943746

Assuming in your business, the cost per order for your product is N4,000 Naira and its carrying cost is N400 Naira per unit per annum. Your business has a demand for 20,000 units per year. Calculate the Order size, Total Orders required during a year, total carrying cost & total ordering cost for the year.

Reference no: EM131943746

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