The basic weakness of the EOQ concept is that most users of the formula use average costs.

Name: The basic weakness of the EOQ concept is that most users of the formula use average costs.
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Quizplus · Accepted Answer

The EOQ formula assumes that costs are constant, but in reality, costs may vary. Most users of the formula assume average costs, which is a simplification and may not accurately reflect the actual costs of production and inventory holding.

The Basic Weakness of the EOQ Concept Is That Most