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In the Economic Order Quantity (EOQ)model,the maximum amount of inventory held in a given cycle is the optimal order quantity Q*.
Credit Applicant
An individual or entity that applies for a loan or credit from a financial institution or lender.
Accounts Receivable
Financial obligations customers have towards a business for utilized or received goods and services that remain unpaid.
Creditworthy Customers
Clients deemed capable of paying back credit extended to them due to their solid financial standing.
Prompt Payment
The act of settling a transaction or invoice on or before the due date.
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