Question: Which of the following statements about the basic EOQ model is Ture? If the holding cost were to increase, the EOQ would reduce. If the

Which of the following statements about the basic EOQ model is Ture?

If the holding cost were to increase, the EOQ would reduce.

If the ordering cost were to decrease, the EOQ would increase.

If annual demand were to double, the EOQ would also double.

If annual demand were to increase, the EOQ would reduce.

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