Examlex
Which of the following is a discrete quantitative variable?
Annual Demand
The total quantity of a product or service that is expected to be sold or required over the course of a year.
Unit Cost
Unit cost refers to the total expense incurred in producing, storing, and selling one unit of a product, including both fixed and variable costs.
EOQ Model
Economic Order Quantity Model, a formula used in inventory management to determine the optimal order size that minimizes the total cost of inventory.
Ordering Cost
The total expenses incurred in placing an inventory order, which can include costs for paperwork, communication, transportation, and handling.
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