Using the ABC Classification System for Inventory, Which of the Following

question 86

Multiple Choice

Using the ABC classification system for inventory, which of the following is a true statement?

• A) The C items are of moderate dollar volume.
• B) You should allocate about 50 percent of the dollar volume to B items.
• C) The A items are of low dollar volume.
• D) The A items are of high dollar volume.
• E) Inexpensive and low usage items are classified as C no matter how critical.

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Definitions:

New Customers

Individuals or entities that have recently started purchasing goods or services from a business or organization.

Sales Promotional Material

Various forms of media, materials, or activities designed to increase sales or promote the visibility of products or services.

Adjustment Messages

Communication designed to address and resolve complaints, issues, or disputes, aiming to restore customer satisfaction or rectify an error.

Good Reputation

The positive perception and respect an individual or organization earns based on their actions, ethics, and accomplishments.