If a company is ordering the EOQ, which of the following statements is correct?
ID: 405140 • Letter: I
Question
If a company is ordering the EOQ, which of the following statements is correct?
The annual holding cost must be at its minimum.
The annual holding cost of inventory is equal to the annual ordering cost.
The annual ordering cost must be at its minimum.
The average inventory will be 30 units
A.The annual holding cost must be at its minimum.
B.The annual holding cost of inventory is equal to the annual ordering cost.
C.The annual ordering cost must be at its minimum.
D.The average inventory will be 30 units
Explanation / Answer
The annual ordering cost must be at its minimum.
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