Assuming that the future demand is known

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Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Assuming that the future demand is known, how do firms determine when to place an order?

Options:

By calculating Economic Order Quantity

By calculating Break-Even Point

By calculating Reorder point

By calculating Return on Equity

Correct Answer:

By calculating Reorder point

Explanation:

The correct answer is option (3) - By calculating Reorder point