______________________________ Is a Technique for Ranking Inventory Items According to Their

question 123

Short Answer

______________________________ is a technique for ranking inventory items according to their relative importance.

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Definitions:

Market Share

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.

Cost-effective

Being economical in terms of the results achieved for the amount of money spent.

Segmenting

The method of segmenting a wide market of consumers or businesses into smaller groups based on common traits.

Segmentation

The process of dividing a market into smaller groups with similar needs or characteristics to target marketing efforts more effectively.