The Optimal Economic Order Quantity Depend on

question 33

Multiple Choice

The optimal economic order quantity depend on
1) the cost of carrying inventory
2) the cost of placing an order
3) the volume of sales​

• A)​1 and 2
• B)​1 and 3
• C)​2 and 3
• D)​1, 2, and 3

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Definitions:

Demand-oriented

A pricing strategy where prices are set based on the perceived value to the customer or demand for the product, rather than on the cost of the product or market competition.

Pricing Approach

Strategies and methodologies used by companies to set the selling price of their products or services, taking into account costs, market demand, competition, and profit margins.

Price-setting Process

The method by which a company determines the selling price of its products or services, considering costs, demand, competition, and profitability.

Pricing Strategies

Plans or methods employed by businesses to set, adjust, and present the prices of their products effectively to enhance sales and profitability.