The Most Important Requirement for EOQ and ELS Is Consistency

question 22

True/False

The most important requirement for EOQ and ELS is consistency of independent demand over time with relatively smooth and regular withdrawal patterns of units from stock.

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Definitions:

Environmental Forces

External factors such as social, economic, technological, and political conditions that affect businesses and consumers.

Marketing Occur

The processes or activities undertaken by individuals or organizations to promote, sell, and distribute a product or service.

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Viable Product

A product that meets the minimum criteria to satisfy early customers and provides feedback for future development.