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cjohns21 cjohns21
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In order to fill orders in a timely fashion, at the lowest cost, what must a company determine?

▸ Economic order quantity

▸ Working capital

▸ Cash flow

▸ Accounts payable

▸ Financial plan
Textbook 

Business in Action


Edition: 9th
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jd1044jd1044
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Economic order quantity

A firm's goal is to maintain enough inventory to fill orders in a timely fashion at the lowest cost. To achieve this goal, financial managers work with operations managers and marketing managers to determine the economic order quantity (EOQ), or quantity of materials that, when ordered regularly, results in the lowest ordering and storage costs.

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