ABC analysis divides on$-$hand inventory based upon:A$)$ item qualityB$)$ unit costC$)$ the number of units on handD$)$ salesE$)$ annual dollar volume$24)$ The primary purpose of the basic economic order quantity model shown below is:Q$*=$ A$)$ to calculate the reorder point, so that replenishments take place at the proper timeB$)$ to minimize the sum of carrying cost and holding costC$)$ to maximize the customer service levelD$)$ to minimize the sum of setup cost and holding costE$)$ to calculate the optimum safety stock