Lott manufacturing, Inc. has been ordering parts for its production process in lots of 10,000 units. Each order costs the firm $50 to place and holding costs per unit aver $3. lott uses 200,000 units every 250 days. a. calculate EOQ

b. what is the difference in inventory costs between the EOQ and the current order quantity of 10,000 units?

c. Given the EOQ calculated in part a., how many orders should be placed and what is the average inventory balance?

d. If it takes two days to receive an order from suppliers, at what inventory level should Lott place another order?

Answerfewer;

Competitive intelligence activities occur so that a company can use information about a competitor's new products to  develop superior marketing strategies for its own products.  when talking about  competitive intelligence, an easy way to  remember  these terms are to know your  enemy. when having  competitive intelligence it's allowing information you find out about other companies and how they run their company, the risks they have come in contact with and  opportunities they  haven't taken and figure out how to use them to your advantage. always be  smarter than your  competition. 

Ill you if you me: )

Answerefficient market