During Christmas in Ghana the demand for children dresses at Takoradi mall is 500 units...
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During Christmas in Ghana the demand for children dresses at Takoradi mall is 500 units per month. Takoradi mall incurs a fixed order placement, transportation, and receiving cost of GHs 4,000 each time an order is placed. Each cycle costs GHs500 and the retailer has a holding cost of 20 percent. Calculate the number of dresses that the store manager should order in each replenishment lot? Discuss in detail the implications of this order on carrying and ordering cost
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