Welcome to the enchanting world of Economic Order Quantity, mercifully abbreviated as EOQ. We’re going to break down this complex acronym into a fun-size snack that even your accountant (and your dog) would love.
๐งฎ Whatโs EOQ? The Breakfast Cereal of Accounting
EOQ stands for Economic Order Quantity, which is truly an accounting wizardry motto rolled into three sleek letters. Simply put, EOQ is the optimal *