Question: Question 2 2 ( 3 points ) Saved Which are true about the EOQ model? Select all that apply. It's main purpose is to determine

Question 22(3 points)
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Which are true about the EOQ model? Select all that apply.
It's main purpose is to determine the amount of inventory to be ordered that minimizes holding and ordering costs.
As the quantity ordered increases, the annual setup or ordering costs decrease.
It is used with independent demand items.
It assumes the demand rate is constant.
Question 22(3 points) Saved Which are true about the EOQ model?

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