The point where inventory carrying costs plus ordering costs are lowest is called the:

Name: The point where inventory carrying costs plus ordering costs are lowest is called the:
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Question

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The point where inventory carrying costs plus ordering costs are lowest is known as the economic order quantity (EOQ). It is the point where the total cost of inventory management is minimized, and ordering costs and carrying costs are balanced. Therefore, choice C is the best answer.

The Point Where Inventory Carrying Costs Plus Ordering Costs Are