OQ stands for .a.Economic Order Quantity.b.Essential Order Quantity.c.Economic Output Quantity.d.Essential Output Quantity.

Answering the Question

The abbreviation "OQ" generally stands for "Economic Order Quantity" in the field of inventory management and supply chain management.

Explanation

1. Economic Order Quantity (EOQ): This is a formula used to determine the optimal order quantity that minimizes the total costs associated with inventory, including ordering and holding costs. By calculating the EOQ, businesses can reduce excess inventory and associated costs, ensuring that they maintain adequate stock levels without overspending.

2. Other Options:

   • Essential Order Quantity is not a standard term in economics.
   • Economic Output Quantity refers more broadly to quantity produced in an economic context but is not linked to OQ.
   • Essential Output Quantity similarly does not have established use in inventory discussions.

In conclusion, the correct answer is a. Economic Order Quantity.