Question 1
As the number of units per order ________, total carrying costs ________.
◦ increases; stay the same
◦ increases; increase
◦ decreases; increase
◦ decreases; stay the same
◦ increases; decrease
Question 2
At least how much of a typical manufacturing firms assets are tied up in inventory?
◦ 15%
◦ 25%
◦ 10%
◦ 30%
◦ 35%