The Economic Order Quantity (EOQ)is Best Defined as The

The economic order quantity (EOQ) is best defined as the:

A) amount of inventory that is sold during the time period it takes a vendor to restock an item
B) least amount of inventory which a firm can purchase at any one time
C) minimal amount of inventory which must be purchased in order to qualify for a cash discount
D) restocking quantity that minimises the total cost of inventory
E) amount of inventory that is required on a monthly basis