Question: A company uses Economic Order Quantity ( EOQ ) model for inventory management. The annual demand for a product is 1 2 , 0 0

A company uses Economic Order Quantity (EOQ) model for inventory management. The annual demand for a product is 12,000 units, the ordering cost per order is $100, and the holding cost per unit per year is $2. What is the EOQ?
a)100 units
b)200 units
c)300 units
d)400 units

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