With an A-B-C System, an Item That Had a High

question 31

Multiple Choice

With an A-B-C system, an item that had a high demand but a low annual dollar volume would probably be classified as

• A)A.
• B)B.
• C)C.

---

Definitions:

Appliance Producers

companies engaged in the manufacture of electrical or mechanical devices designed for household use.

Crony Capitalism

A type of economic system where business success is heavily influenced by close relationships between business owners and government officials.

Government Regulation

Government regulation encompasses the laws and rules set forth by the government intended to control or manage certain practices, activities, or behaviors within an economy or society.

Entry Barriers

These are obstacles that prevent or hinder new competitors from easily entering an industry or area of business.