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Question: What is Economic Order Quantity?

Answer: A problem which always remains in that how much material may be ordered at a time. An industry making bolts will definitely would like to know the length of steel bars to be purchased at any one time.This length is called “economic order quantity” and an economic order quantity is one which permits lowest cost per unit and is most advantages.

A problem which always remains in that how much material may be ordered at a time. An industry making bolts will definitely would like to know the length of steel bars to be purchased at any one time.This length is called “economic order quantity” and an economic order quantity is one which permits lowest cost per unit and is most advantages. Source: CoolInterview.com

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