Describe ABC Inventory Analysis in One Sentence

question 120

Essay

Describe ABC inventory analysis in one sentence. Identify three policies that may be based upon the results of an ABC analysis.

---

Definitions:

Unconditioned Response

A reflexive, organic response to a stimulus that takes place without prior training or conditioning.

Classical Conditioning

The technique of learning by the repeated conjunction of two stimuli; a reaction that is first elicited by the second stimulus is eventually elicited by just the first stimulus.

Little Albert

An experiment in classical conditioning conducted by John B. Watson and Rosalie Rayner, where a young boy was conditioned to fear a white rat.

Observational Learning

A process of learning that occurs through watching others, retaining the information observed, and later replicating the behaviors that were observed.