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Economic Order Quantity (EOQ) : Determine the EOQ for a company with annual demand of 12,000 units, ordering cost of $60 per order, and carrying

Economic Order Quantity (EOQ): Determine the EOQ for a company with annual demand of 12,000 units, ordering cost of $60 per order, and carrying cost of $3 per unit per year. What is the EOQ, and how is it used in inventory management?

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