In the EOQ model, if our order quantity is less than the economic order quantity, then ______.
a. the annual ordering costs will be the same or lower than the annual holding costs
b. the annual ordering costs will be the same as the annual holding costs
c. the annual ordering costs will be higher than the annual holding costs
d. the annual ordering costs will be lower than the annual holding costs
c. the annual ordering costs will be higher than the annual holding costs
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Answer the following statement true (T) or false (F)
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