Strategies for Managing "A" Items in ABC Analysis Are

question 18

Multiple Choice

Strategies for managing "A" items in ABC analysis are:

• A)minimizing inventories.
• B)using procurement cards.
• C)review inventory levels frequently.
• D)minimizing inventories and review inventory levels frequently.
• E)using procurement cards and review inventory levels frequently.

---

Definitions:

Working Prototype

A preliminary version of a product that is functional enough to demonstrate its capabilities or to test key concepts.

Three-step Innovation

An approach or model for implementing innovation that typically involves stages of ideation, development, and execution.

New Product

An item or service that has been recently developed or introduced to the market.

Financially Successful

A state or condition of having significant income, profit, or wealth generation.