The EOQ minimizes the total annual cost of ordering and holding inventory for a particular item.

Name: The EOQ minimizes the total annual cost of ordering and holding inventory for a particular item.
Brand: Quizplus
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Quizplus · Accepted Answer

This statement is true. The EOQ (Economic Order Quantity) formula determines the optimal order quantity that will minimize the total annual cost of ordering and holding inventory, taking into account factors such as ordering costs, holding costs, and demand.

The EOQ Minimizes the Total Annual Cost of Ordering and Holding