Question

Which of the following is true for inventory control

a) Economic order quantity has minimum total cost per order

b) Inventory carrying costs increases with quantity per order

c) Ordering cost decreases with lo size

d) All of the above​

Answer 1

Answer:

d) All of the above.

Answer 2

d) All of the above are true for inventory control.

Explanation for the answer:

• Inventory control refers to the process of managing a company's inventory levels, whether it may be in their own warehouse or its spread over other locations.
• It is also called stock control.
• Economic order quantity has minimum total cost per order, its inventory carrying costs increases with quantity per order and its Ordering cost decreases with lo size.
• Hence, the correct answer among all the options is option d) All of the above.

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