The__________ Is a Technique That Divides Inventory into Three Groups

question 243

Multiple Choice

The__________ is a technique that divides inventory into three groups, according to dollar investment.

• A) EOQ model
• B) ABC system
• C) LIFO model
• D) exponential smoothing technique

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Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good supplied.

Effective Price

The final price after accounting for rebates, discounts, or other financial adjustments.

Empowerment

The act of giving power or authority to someone, enhancing their capabilities and confidence.

Centralization

The concentration of decision-making and administrative power within a central group or location within an organization.