Using the ABC classification system for inventory, which of the following is a true statement?
a. The "A" items are of high dollar volume
b. The "A" items are of low dollar volume
c. You should allocate about 50 % of the dollar volume to "B" items
d. The "C" items are of moderate dollar volume

ABC analysis is a process that divides inventory into three groups in order of decreasing value: A, B, and C. Items in the A category have the highest value, items in the B category have a lower value than A, and items in the C category have the lowest value. Inventory management and control are essential for a company's success.

The goods are marked with a. "A" has a high financial value.

Therefore, option a. aptly describes ABC inventory classification system.

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Using the ABC classification system for inventory, which of the following is a true statement? a. The "A" items are of high dollar volume b. The "A" items are of low dollar volume c. You should allocate about 50 % of the dollar volume to "B" items d. The "C" items are of moderate dollar volume

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What is the ABC inventory classification system?

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Using the ABC classification system for inventory, which of the following is a true statement?
a. The "A" items are of high dollar volume
b. The "A" items are of low dollar volume
c. You should allocate about 50 % of the dollar volume to "B" items
d. The "C" items are of moderate dollar volume