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Veterinary Practice Manager

Category - CVPM

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When ordering veterinary medication and supplies, there is an optimal quantity that should be purchased at any one time, in order to maintain maximum profitability for the practice. Which of the following is a mathematical formula that can be used in order to determine optimal ordering quantities?

Optimal Order Quantity (OOQ)
Reorder Point (ROP)
Purchase Lead Time (PLT)
Economic Order Quantity (EOQ)

Explanation

Answer: D- Economic Order Quantity (EOQ) is a mathematical formula that can be used in order to determine optimal ordering quantities.

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Veterinary Practice Manager

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Veterinary Practice Manager

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