Premiums, as a consumer promotion tool, are defined as . Question 19 options: offers to consumers of savings off the regular price of a product, flagged on the label or package values in cash or in other forms that are proportional to patronage of a certain vendor or group of vendors certificates entitling the bearer to a stated saving on the purchase of a specific product merchandise offered at a relatively low cost or free as an incentive to purchase a particular product programs providing rewards related to the consumer's frequency and intensity in purchasing the company's products or services

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $