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Steve’s shop sells sea shells by the sea shore. Steve buys shells from local collectors for an average price of $0.50 per shell. Steve sells on average 1000 shells each month. Each time he orders shells from collectors, there is a $20.00 shipping and handling fee. Steve estimates a unit holding cost of $0.50 per shell per year (many of them get broken if held in inventory too long). How often should Steve order sea shells?

A. About 3 times per month

B. About 1 time each month

C. About 1 time each year

D. About 1 time every other month

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92598135

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