A federal administrative agency that proposes to adopt a substantive rule can legally resort to informal rule-making

Which of the following is true of a specialty product?

a. It is sold using aggressive personal selling as consumers do not seek out this type of product. b. It is widely distributed in a geographic area in order to sell sufficient quantities to meet profit goals. c. It is bought only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility. d. It is marketed using selective, status-conscious advertising that maintains its exclusive image.

Derive the economic order quantity model, beginning with a definition of terms and graph of cost curves

What will be an ideal response?