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Economic order quantity is used by business organizations for,

I] Minimizing the cost of inventory II] Minimize the annual purchase cost III] Minimizing the carrying cost and ordering cost of materials

Accounting Auditing Cost Accounting Financial Accounting managerial accounting
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Question added by Mohammad Ali , Accounts Officer ( Contract) , Bharat Pumps & Compressors Ltd Naini Allahabad
Date Posted: 2014/12/27
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Clever Michael
by Clever Michael , Graduate Research Assistant , Rivers State university

for ideal ordering quantity

Muhammad Javed
by Muhammad Javed , Manager Finance , EuroMoto

Answer:  III   - Minimizing the carrying cost and ordering cost of materials

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