EOQ is the optimal order quantity that will ________ total inventory costs.
A) maximize
B) minimize
C) steady
D) maintain

Name: EOQ is the optimal order quantity that will ________ total inventory costs. A) maximize B) minimize C) steady D) maintain
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Question

Quizplus · Accepted Answer

EOQ (Economic Order Quantity) is the order quantity that minimizes the total inventory costs, including ordering costs and holding costs. Therefore, the correct choice is B, as it represents the goal of EOQ.

EOQ Is the Optimal Order Quantity That Will ________ Total