The Economic Order Quantity (EOQ) recognizes three specific costs incurred in the computation of optimal ordering quantities of a single item. What are these three specific costs?
  1. Annual demand in units, holding cost, unit cost
  2. Ordering cost, holding cost, unit cost
  3. Unit cost, taxes, shipping
  4. Vendor price, holding cost, taxes
Explanation
Answer: B- Ordering cost, holding cost, and unit cost are three specific costs incurred in the computation of optimal ordering quantities of a single item, recognized in the Economic Order Quantity (EOQ).
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