The Goal of ABC Analysis Is to

question 40

Multiple Choice

The goal of ABC analysis is to

• A) determine the profitability of items.
• B) estimate average volume per dollar value.
• C) estimate dollar value per pound.
• D) to identify the A items for better inventory control.

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Definitions:

Horticulturist

A professional who practices horticulture, focusing on the art, science, technology, and business of plant cultivation.

Bermuda Grass

A drought-tolerant grass variety commonly used in lawns, sports fields, and golf courses for its dense, quick-recovering grass surface.

ANOVA

A statistical method (Analysis of Variance) used to compare the means of three or more samples to understand if at least one sample mean differs significantly from the others.

Fertilizer

Any organic or inorganic material of natural or synthetic origin that is added to soil to supply one or more plant nutrients essential to the growth of plants.