_____ is the quantity to purchase that balances the cost of placing the order with the cost of carrying the inventory.
A) Economic order quantity
B) Standing order
C) Stockout quantity
D) Purchase order

Question

Quizplus · Accepted Answer

Economic order quantity is the quantity of inventory that minimizes the total cost of ordering and holding the inventory. It balances the cost of placing the order with the cost of carrying the inventory.

_____ Is the Quantity to Purchase That Balances the Cost