The economic order quantity model

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Reference no: EM132237792

1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs.

True

False

2- The Economic Order Quantity (EOQ) model tells us........

A. how much to order

B. which are higher - holding or ordering costs

C. how to use price discounts

D. when to order

3- When tracking or counting inventory items, we should focus on which items most?

A-items

B-items

C-items

D-tems

4- The Economic Order Quantity (EOQ) model will have the lowest combination of holding and ordering costs

True

False

5- Reorder point (ROP) tells us.....

A. how much to order

B. when to order

C. how to use price discounts

D. which vendor location is best

Reference no: EM132237792

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