Question: Economic order quantity is: A . A model used to select an order quantity that minimizes ordering and holding cost per unit of time. B

Economic order quantity is:
A. A model used to select an order quantity that minimizes ordering and holding cost per unit of time.
B. A model used to select an order quantity that maximizes revenue per unit of time.
C. A model used to select an order quantity that maximizes inventory per unit of time.
D. A model used to select an order quantity that minimizes ordering, holding, and purchasing cost per unit of time.

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