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economic order quantity meaning

  "economic order quantity" in a sentence
  • [Business]
    noun [C,U] (abbr EOQ)

    (Accounting )

    the best amount of sth to order that is enough for what you need and keeps all the costs involved, such as the cost of storing items, as low as possible:

    We calculate the economic order quantity for each stock item.

Examples

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  1. eoq economic order quantity
  2. eoq economic order quantity
  3. economic order quantity eoq
  4. economic order quantity eoq
  5. economic order quantity

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