BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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EOQ stands for
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Economic over quantity
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Economic order quantity
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Environment on quantity
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one of these
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Explanation:
Detailed explanation-1: -Economic Order Quantity (EOQ) is derived from a formula that consists of annual demand, holding cost, and order cost. This formula aims at striking a balance between the amount you sell and the amount you spend to manage your inventory.
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