Economic order quantity (EOQ) is a function:
A)Of the purchasing customer or client
B)Of the sales force to provide the purchasing customer or client with the greatest value
C)Of the responsibility of engineering through the operations list
D)Associated with inventory control

Question

Quizplus · Accepted Answer

Economic order quantity (EOQ) is a formula used in inventory management to calculate the optimal number of units a business should order to minimize the total cost of inventory. It is associated with inventory control, and not the other options listed.

Economic Order Quantity (EOQ) Is a Function