To determine the Economic Order Quantity,the relevant ordering costs are maximized and the relevant carrying costs are minimized.

Name: To determine the Economic Order Quantity,the relevant ordering costs are maximized and the relevant carrying costs are minimized.
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The Economic Order Quantity (EOQ) model aims to minimize the total cost, which includes both ordering and carrying costs, not maximizing or minimizing them individually.

To Determine the Economic Order Quantity,the Relevant Ordering Costs Are