Question: What is the key difference between EOQ and EPQ models? Question 1 options: EOQ uses annual demand, whereas EPQ uses daily demand EOQ is used

What is the key difference between EOQ and EPQ models?
Question 1 options:
EOQ uses annual demand, whereas EPQ uses daily demand
EOQ is used for services, and EPQ is used for products
EPQ assumes orders are received incrementally during production, while EOQ assumes orders are received all at once
EPQ is only applicable to perishable goods

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