This activity involves GCSE/A-Level business concepts.
Santa is working hard with the elves in his workshop preparing PlayStation 5 bundles.
With all the other toys in the workshop and limited space, he needs to minimise the cost of holding the stock of these bundles.
A useful tool in the management of stock is the economic order quantity (EOQ) model which is given by:
\[Q = \sqrt{2FS \over H}\]
Where Q = economic order quantity in units, F = ordering cost per unit, S = annual demand in units, and H = annual holding cost per unit
Can you help Santa determine the Economic Order Quantity with the below information?