Steves shop sells sea shells by the sea shore how often


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

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Steves shop sells sea shells by the sea shore how often
Reference No:- TGS02584964

Expected delivery within 24 Hours