The___________ is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item.
A) LIFO model
B) ABC system
C) EOQ model
D) exponential smoothing technique

Question

Quizplus · Accepted Answer

The EOQ (Economic Order Quantity) model takes into account both the inventory holding costs and the ordering costs to determine the optimal order quantity for a specific item. The ABC system, while also used for inventory management, focuses on classifying items based on their importance and value to the organization. The LIFO model and exponential smoothing technique are not inventory management techniques but rather inventory valuation and demand forecasting techniques, respectively.

The___________ Is an Inventory Technique That Takes into Account Various