The two most basic inventory questions answered by the typical inventory model are:
A) timing of orders and cost of orders.
B) order quantity and cost of orders.
C) timing of orders and order quantity.
D) order quantity and service level.
E) ordering cost and carrying cost.

Question

Quizplus · Accepted Answer

The two most basic inventory questions answered by the typical inventory model are timing of orders and order quantity. Timing of orders refers to when orders should be placed, while order quantity refers to how much should be ordered each time. Therefore, choice C, timing of orders and order quantity, is the best answer.

The Two Most Basic Inventory Questions Answered by the Typical