IT has been considering the prospect of stocking a new type of clothes.
IT has been considering the prospect of stocking a new type of clothes. They have done some research on this item’s cost and demand characteristics and have determined the following. Cost/unit: $15 Demand: 75 units/month Cost to place order: $400/order Inventory-holding cost: $8/unit-year Selling price/unit: $20 Currently their ordering policy is to order 150 clothes […]