The Owner of a Garden Supply Store Was Wondering If

question 18

Essay

The owner of a garden supply store was wondering if they could manage their inventory better.She decided to develop an ABC classification system to help manage the inventory.The company's inventory consists of the following items:

a.Compute the total dollar value of each of the ten inventory items.What is the total value of all the inventory items?
b.Which items should be declared "A" items? What percentage of total inventory value does your "A" group represent? What percentage of the total number of inventory items does your "A" group represent?
c.Which items should be declared "B" items? What percentage of total inventory value does your "B" group represent? What percentage of the total number of inventory items does your "B" group represent?
d.Which items should be declared "C" items? What percentage of total inventory value does your "C" group represent? What percentage of the total number of inventory items does your "C" group represent?

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Definitions:

Peers

Those of similar status.

Socialization Agents

Individuals, groups, or institutions that play significant roles in integrating individuals into society by teaching societal norms, values, and practices.

Social Learning Theory

A theory that proposes that new behaviors can be acquired by observing and imitating others.

Supportive Examples

Specific instances or evidence provided to help illustrate or strengthen an argument or theory.