Which one of the following statements concerning the Economic Order Quantity $($ EOQ $)$ ?is True?

The Time Between Orders $($ TBO $)$ ?will decrease with an increase in holding costs

An increase in demand will decrease the EOQ

The Time Between Orders $($ TBO $)$ ?will increase with an increase in holding costs

The EOQ formula assumes that there are only three relevant costs: holding, transportation, and setup

None of the above