The percent change in quantity demanded of a good divided by the percent change in income, all other things unchanged, is the elasticity of demand.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?

Acontinental polar air mass foms where

Match each business function with its description. operations marketing finance strategy deals with the challenges that a company faces in the ever-changing business environment arrowright deals with debt, stock, and owner’s funds arrowright readies products and services for production and delivers them to the market arrowright deals with finding, targeting, attracting, and connecting with the right customers