Drought conditions spike demand during the summer to an annualized rate of 27,000 cans per year and the price rises to $12 per can. If the ordering cost per lot is 75 cents, what is the holding cost percentage?

A) 3.1%
B) 1.81%
C) 31%
D) 18.1%

Answer: C

Business

You might also like to view...

When it first opened stores across the United States, Bateman's, an office supply chain store, had the best product selection, the best service, and the lowest prices compared to other office supply chain stores

As a result, Bateman's captured a significant chunk of the market in the short run. Which of the following positioning strategies did Bateman's most likely use? A) more for the same B) more for less C) same for less D) less for much less E) more for more

Business

Which of the following is not a critical dimension for successful implementation of TQM in a service context?

a. information and analysis system b. customer focus c. human resource management d. employee satisfaction e. decision centralization

Business