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    Question

    EOQ (Economic Order Quantity) is a model used in

    inventory control to determine:
    A The reorder level Correct Answer Incorrect Answer
    B The safety stock level Correct Answer Incorrect Answer
    C The order quantity that minimizes total inventory costs Correct Answer Incorrect Answer
    D The maximum stock level Correct Answer Incorrect Answer
    E The ABC analysis of inventory Correct Answer Incorrect Answer

    Solution

    The EOQ is a calculation aimed at finding the optimal order quantity that minimizes the total inventory costs, which primarily include ordering costs and carrying/holding costs.

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