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………….. may be defined as that quantity of purchase which minimizes material order cost and material carrying cost

………….. may be defined as that quantity of purchase which minimizes material order cost and material carrying cost

Q. ………….. may be defined as that quantity of purchase which minimizes material order cost and material carrying cost.

A.            Basic Ordering Quantity

B.            Constant Ordering Quantity

C.            Economic Order Quantity

D.            Any of the above

Answer: Economic Order Quantity

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