Question

18. Most Profitable Quantity to be
purchased is called: -
a) Maximum Quantity b) Economic
Order Quantity c) Minimum Quantity d)
Average Quantity​

Answer 1

Answer:

this is ur subject how can I know search in book and write the answer

Explanation:

okk mark me as brainlest

Answer 2

The correct answer is OPTION B: Economic order quantity.

• Economic Order Quantity (EOQ), commonly referred to as Economic Purchase Quantity (EPQ), is the order quantity in resource management that optimizes overall retaining and purchasing cost.
• It's one of the most well-known traditional production forecasting models.
• The model was created by Ford W. Harris but the in-depth research is credited to R. H. Wilson, a researcher who applied it widely, and K. Andler.
• When a product's demand is consistent throughout the year and each new order is filled to as inventory approaches zero, EOQ is used.
• Each order has a defined cost regardless of the number of units ordered; orders are only considered to include one unit.
• Each unit held in storage is also charged a holding cost, which is often expressed as a percentage of the item's purchase price.
• While the EOQ calculation is simple, there are a few considerations to make in practice, such as shipping costs and volume discounts.
• To determine the optimal amount of units to acquire to save money on the goods' purchase, transportation, and storage.