Question: What is the key difference between EOQ and EPQ models? Question 2 options: EPQ is only applicable to perishable goods EOQ uses annual demand, whereas

What is the key difference between EOQ and EPQ models?
Question 2 options:
EPQ is only applicable to perishable goods
EOQ uses annual demand, whereas EPQ uses daily demand
EPQ assumes orders are received incrementally during production, while EOQ assumes orders are received all at once
EOQ is used for services, and EPQ is used for products

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