In the A-B-C Classification System,items Which Account for About 5

question 41

Multiple Choice

In the A-B-C classification system,items which account for about 5 - 10 percent of the annual dollar value (ADV) but 50 - 60 percent of the SKUs in inventory would be classified as:

• A)A items.
• B)B items.
• C)C items.
• D)either A items or B items.
• E)either B items or C items.

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Definitions:

Demographic Conditions

The statistical characteristics of populations, such as age, race, gender, and income, which affect consumer behavior and economic trends.

Birth Rate

The average number of live births per 1,000 people in a given population per year.

Payroll Tax

Taxes imposed on employers and/or employees, usually calculated as a percentage of the salaries that employers pay their staff.

Baby Boom Generation

denotes the demographic cohort born approximately between 1946 and 1964, experiencing high birth rates post World War II.