Which of the Following Statements Is NOT True of Economic

question 44

Multiple Choice

Which of the following statements is NOT true of economic order quantity (EOQ) ?

• A) The economic order quantity (EOQ) mathematically determines the minimum total inventory cost.
• B) The EOQ ignores inventory reorder costs and inventory carrying costs.
• C) The optimal order size is determined by the EOQ model.
• D) The EOQ is directly proportional to the sales per period.

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Definitions:

Non-marketing Benefits

Advantages or positive outcomes that accrue from a product, service, or activity not directly related to marketing efforts, such as customer loyalty or employee satisfaction.

Internal Buy-in

A term used in business to describe the process of getting support and agreement from all members within an organization for a project or initiative.

Brand Team

A group of professionals within an organization tasked with managing and developing the brand's image, strategies, and marketing efforts to build brand equity.

Influence and Power

The capacity or ability of individuals or groups to effect change or command attention and obedience.