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Briefly discuss the accuracy and reliability of data

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(a) Bright plastics imports set of plastic picnic ware for $45 each, which it wholesales to retail stores. The cost of placing each order is $60, annual carrying costs are $12 per set, and annual unit sales are 62,000. The company currently bases its orders on the economic order quantity, but a purchase discount of $1 per set has been offered by the supplier for orders of 5000 sets.

Required: Should the increased quantity be ordered to take advantage of the discount on offer?

(b) Briefly discuss the accuracy and reliability of data as an aspect of communication in the analysis of data for the client.

Reference no: EM132317502

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