Question
Entrepreneurship Question on Economic order Quantity (EOQ)
Which of the following information is needed to find Economic order Quantity (EOQ)
A. Annual demand for the item
B. Ordering cost
C. Inventory Carrying Cost
D. Profit margin
A
A, B and C only
B
A, B and D only
C
A, B, C and D only
D
A, C and D only
Answer
A, B and C only
Explanation
Solution
The correct option is (A) :A, B and C only.