Question: A retailer uses the EOQ model while deciding how much inventory of a product to order to satisfy constant demand rate during a long season.
A retailer uses the EOQ model while deciding how much inventory of a product to order to satisfy constant demand rate during a long season. Keeping everything else the same, if the demand of the product increases by 9 times, which of the following statement is true? Group of answer choices The optimal order quantity will stay the same. None of these. The optimal order quantity will increase by 9 times. The optimal order quantity will increase by 3 times.
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