Economic order quantity (EOQ) model is used by a business to (a) Minimise the cost of placing
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Economic order quantity (EOQ) model is used by a business to
(a) Minimise the cost of placing orders
(b) Minimise the unit purchase price of inventory
(c) Minimise the number of orders placed during a year
(d) Minimise the required amount of safety stock
(e) Minimise the combined costs of placing orders and carrying inventory
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