The primary objective in determining the Economic Order Quantity (EOQ) for an item is to: minimize the annual total inventory cost for that item. find a quick and easy way to answer the lot sizing question, regardless of whether the demand for the item is dependent or independent. maximize the time between orders. minimize the quantity of the item ordered from the supplier each time. order the item from a supplier located in close proximity. Which of the following is NOT one of the four basic costs associated with managing inventories? Holding (or carrying) cost Construction cost Purchase cost Ordering cost Stock-out cost