_____ is the fixed amount to order from an outside vendor.
A)Economic order quantity
B)Perpetual inventory reorder point
C)Economic lot size
D)Periodic inventory reorder point

Question

Quizplus · Accepted Answer

Economic Order Quantity (EOQ) is the ideal order quantity a company should purchase to minimize its inventory costs such as holding costs, shortage costs, and order costs. It is a fixed amount determined to optimize the ordering and inventory holding process.

_____ Is the Fixed Amount to Order from an Outside