BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
EOQ stands for
A
Economic over quantity
B
Economic order quantity
C
Environment on quantity
D
one of these
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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