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Define the term Economic Order Quantity.
Economic Order Quantity (EOQ):
A mathematical computation for a fixed quantity of inventory ordered every time which would minimise the whole of ordering and holding cost. Economic Order Quantity is an illustration of a continuous inventory system.
Porter's value system shows the organisation in terms of The value chains of suppliers, channels and the customer.
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What is the role of participation in goal setting? Answer Participation is positively correlated with performance Participation provides more goal clarity Participation
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