The acronym "EOQ" is defined as _______________.
A) economic order quantity
B) economical order quantity
C) equal opportunity quantity
D) equal order quantity
E) economic organizational quantity

Question

Quizplus · Accepted Answer

The acronym "EOQ" stands for economic order quantity, which refers to the optimal amount of inventory to order at one time in order to minimize total inventory costs.

The Acronym "EOQ" Is Defined as _______________