Which of the following is the correct mathematical expression to calculate annual relevant ordering costs?
Demand in units for a specified period / (Relevant ordering cost per purchase order Size of each order)
Size of each order Relevant ordering cost per purchase order / Demand in units for a specified period
(Demand in units for a specified period / Size of each order) Relevant ordering cost per purchase order
(Demand in units for a specified period - Size of each order) Relevant ordering cost per purchase order
None of the answers.
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