1. The annual demand of car is 15000, the tire they pay 10 per tire with carrying cost of 20% of the tire cost. Each order cost 30 to process. Each 1st day of month place order and same quantity for month. Calculate current ordering cost, carrying cost, total inventory cost/year, EOQ.
2. Describe in your own words what is meant by the term instructional strategy and discuss in detail one significant aspect.