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Commerce · Q90

Costing

Graduate and Post Graduate · Commerce · question 90

Q90

EOQ stands for ________.

A.
Economic Order Quantity
Answer
B.
Essential Order Quantity
C.
Economic Output Quantity
D.
Essential Output Quantity

Answer: Option A

Solution

Answer: Option A
Solution:
Economic order quantity (EOQ) is the ideal order quantity a company should purchase for its inventory given a set cost of production, a certain demand rate, and other variables.
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