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Economic Order Quantity (EOQ) is a scientific inventory control technique used in retail supply chain management to determine the optimal order quantity that minimizes total inventory costs. In retail business, maintaining the right balance between ordering costs and carrying costs is crucial. If a retailer orders in small quantities frequently, ordering costs such as transportation, paperwork, and administrative expenses increase. ______ __________ _________ ___ _________ _______ ______ ________ _________ ____.
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