UGC NET CSE | December 2014 | Part 2 | Question: 49

Question

________ model is designed to bring prices down by increasing the number of customers who buy a particular product at once.

• A. Economic Order Quantity
• B. Inventory 
• C. Data Mining
• D. Demand-Sensitive Pricing 

Answer 1

ans is D  demand sensitive pricing

Inventory and data mining has nothing to do with prices

Economic order quantity (EOQ) is the order quantity that minimizes the total holding costs andordering costs. It is one of the oldest classical production scheduling models