To minimize the total cost of holding and ordering inventory using EOQ model. It is necessary to balance the relevant costs. These are:
To minimize the total cost of holding and ordering inventory using EOQ model. It is necessary to balance the relevant costs. These are:

Q. To minimize the total cost of holding and ordering inventory using EOQ model. It is necessary to balance the relevant costs. These are:

A.            The variable costs of holding the inventory

B.            The fixed costs placing the order

C.            Both A&B

D.            None

Answer: Both A&B
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