![The Economic Order Quantity (EOQ) represents the order quantity for which](https://www.gkseries.com/blog/wp-content/uploads/2022/09/The-Economic-Order-Quantity-EOQ-represents-the-order-quantity-for-which.png)
Q. The Economic Order Quantity (EOQ) represents the order quantity for which:
- Inventory carrying cost per unit is lowest
- Order processing cost per unit is lowest
- Total inventory and order cost per unit is lowest
- None of these
Answer: Total inventory and order cost per unit is lowest