A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 280 annually. The beans are purchased from a local supplier for $2.40 per pound coffeehouse estimates that it costs $45 in paperwork and labor to place an c the coffee, and holding costs are based on a 20 percent annual interest rate. a. Determine the optimal order quantity for Colombian coffee. b. What is the time between placement of orders? What is the average annual cost of holding and setup due to this item

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Organizational Development

A systematic and consistent change in the values or business operations to create overall growth in an organization is referred to as organizational development. It distinguishes itself from routine operations and workflow enhancements. It follows a methodology that management should openly explain business objectives to all workers.