There is an order quantity in which the sum of the ____________ is a minimum.
A) carrying cost and the annual usage in units
B) ordering costs and the annual usage in units
C) ordering costs and carrying costs
D) carrying costs and unit cost

Question

Quizplus · Accepted Answer

The Economic Order Quantity (EOQ) model aims to minimize the total cost, which is the sum of ordering costs and carrying costs.

There Is an Order Quantity in Which the Sum of the ____________