Question: Q2. Explain why it is not necessary to include product cost (price or price times quantity) in the EOQ model, but the quantity discount model

Q2. Explain why it is not necessary to include

Q2. Explain why it is not necessary to include product cost (price or price times quantity) in the EOQ model, but the quantity discount model requires this information. [10 Marks] [CO3, L2]

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