Question: The economic order quantity (EOQ) model, in the simplest form, has two terms. What costs do these two terms represent Ordering Cost & Inventory Holding

The economic order quantity (EOQ) model, in the simplest form, has two terms. What costs do these two terms represent

Ordering Cost & Inventory Holding Cost

Ordering Cost & Purchasing Cost

Ordering Cost & Inventory Shortage Cost

Ordering Cost & Production Cost

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