Assuming that demand is determinable, what is the objective of the economic order quantity (EOQ)model for inventory?

a. To minimize order costs or carrying costs, whichever are higher

b. To minimize order costs or carrying costs and maximize the rate of inventory turnover

c. To minimize the total order costs and carrying costs over a period of time

d. To order sufficient quantity to economically meet the next period's demand

Answer rating: 100% (QA)

The correct answer is c To minimize the total cost order costs and carryi... View the full answer