If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?
a) $50
b) $1,200,000
c) $2,400,000
d) $1,200
e) $600,000
Answer: D
Marketing MCQ
Marketing Supply Chain
If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?