Question:

Annual quantity of pens sold by a shop is 1,200 at the rate of ₹100 per unit. Cost of placing an order and receiving is ₹500 per order. Inventory holding cost ₹30 per annum. Calculate EOQ?

Updated On: Apr 17, 2024

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The Correct Option is B

The correct option is(B): 200 units

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Column- I	Column- II
(a) Product concept	(i) Its main focus is on quality, performance and feature of the product.
(b) Selling concept	(ii) Its main focus is on satisfaction of customer needs.
(c) Marketing concept	(iii) Its main focus is on aggressively persuading buyer to purchase the existing product.
(d) Societal concept	(iv) Its main focus is on satisfaction of customer needs and society's well-being.