Question

If the eoq for an item of inventory in a firm is 1000 units, the estimated demand for the term next year gets doubled, what shall be the revised eoq next year, all other relevant costs remaining unchanged ?

Answer 1

Organized and managed. The tasks a person in this position has are both wide and varied, and often include ensuring that the right staff-members are hired and properly trained, making plans for the business' success, and monitoring daily operations. When organizational changes are necessary, a person in this position usually leads the way as well. In some cases, the person who starts or owns the business serves as its administrator, but this is not always the case, as sometimes a company hires an individual for the job.