Business
Business, 23.11.2019 02:31, nicolemaefahey

For product m, a firm has an annual holding cost percentage of 20%, an ordering cost of $80 per order, and annual demand of 10,000 units. if they order less than 1100 units at a time, the purchase price is $10.00. if they order 1100 or more units, then the purchase price for all units is only $8.00. how much should the firm order at one time? the correct answer is 1,100. show me how to come up with this answer. show work and give explanation.

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