What name is given to the external order quantity that minimises inventory costs?
A) Economic Ordering Quantity
B) Efficient Quantity
C) Economic Batch Quantity
D) Optimum Quantity

Question

Quizplus · Accepted Answer

The Economic Ordering Quantity (EOQ) is the term used to describe the ideal quantity of inventory to order that minimizes total inventory costs, including ordering and holding costs.

What Name Is Given to the External Order Quantity That