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A local nursery, Greens, uses 2184 bags of plant food annually. Greens works 52 weeks per year. It costs $8 to place an order for plant food. The annual holding cost rate is $2 per bag. Lead time is two weeks.
a. Calculate the economic order quantity
b. Calculate the total annual cost
c. Determine the reorder point
In essay form how will learning managerial problem solving help you later in life in you job
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