Assuming in your business, the cost per order for your product is N4,000 Naira and its carrying cost is N400 Naira per unit per annum. Your business...

1. Assuming in your business, the cost per order for your product is N4,000 Naira and its carrying cost is N400 Naira per unit per annum. Your business has a demand for 20,000 units per year. Calculate the Order size, Total Orders required during a year, total carrying cost & total ordering cost for the year.