Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

In an EOQ model, the annual ordering cost is $500. If the calculation is correct, what would be the most likely inventory holding cost per year?

a) $500
b) $1,000
c) $1,500
d) $2,000