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EOQ stands for ________.

A. Economic Order Quantity

B. Essential Order Quantity

C. Economic Output Quantity

D. Essential Output Quantity

Answer: Option A

Solution(By Examveda Team)

Economic order quantity (EOQ) is the ideal order quantity a company should purchase for its inventory given a set cost of production, a certain demand rate, and other variables.

This Question Belongs to Commerce >> Costing

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