A produce distributor uses 1,250 packing crates a month, and each crate is purchased at a cost of $12. The manager has assigned an annual carrying cost of 20 percent of the purchase price per crate. Ordering costs are $45. Currently the manager orders once a month in equal quantities to fulfill the demand. a) What is the Economic Order Quantity (EOQ) for this product? (4 pts)
b) How much could the firm save annually in total holding and ordering costs by ordering at the EOQ level? (8 pts) (Show the computations for the total holding and ordering costs in detail)

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Which of the following best describes why you need to establish goals for your program?