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What are the assumptions of Economic Order Quantity?
Assumptions of Economic Order Quantity (EOQ):
a. The stage of customer demand is identified
b. The stage of customer demand arises at an even rate over time
c. Constant purchase price of inventory
d. A fixed cost be presents for all order placed
e. The lead time for inventory is constant as an example like, how long this takes for inventory to be delivered when an order has been placed.
What are programmed and non-programmed decisions? Programmed decisions are which made in accordance with some procedure, rule or habit. Non-Programmed decisions are those which
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I have a question in regards to ethical business practices. Businesses are concerned with their profits, most directly sustaining and improving. One business comes to mind, Apple.
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