Question: The Economic Order Quantity ( EOQ ) model aims to: The Economic Order Quantity ( EOQ ) model aims to: Maximize inventory turnover by reducing

The Economic Order Quantity (EOQ) model aims to:
The Economic Order Quantity (EOQ) model aims to:
Maximize inventory turnover by reducing carrying costs.
Minimize total inventory cost by balancing ordering and carrying costs.
Increase the order quantity to take advantage of volume purchasing discounts.
Decrease the frequency of orders to reduce ordering costs.

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