What is the economic order quantity? How does it minimize total inventory costs?

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Effective small business management An Entrepreneurial Approach

ISBN: 978-0132157469

10th Edition

Authors: Norman M. Scarborough

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Question Posted: Oct 12, 2012 02:47 AM

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What is the economic order quantity? How does it minimize total inventory costs?

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Economic order quantity is that point where the costs of purchasing inventory and setup are balanced ...View the full answer

Effective small business management An Entrepreneurial Approach

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