Given the Information Below, Conduct an ABC Analysis and Determine

question 72

Essay

Given the information below, conduct an ABC analysis and determine which items should be classified as A, B and C.
$\begin{array}{ccc}\text { SKU } & \text { Annual Usage } & \text { Item Value } \$) \\\hline \text {A } & 2,800 & 0.22 \\\text { B } & 300 & 50.00 \\\text { C } & 275 & 11.00 \\\text { D } & 700 & 8.00 \\\text { E } & 45 & 400.00 \\\text { F } & 1,250 & 0.80 \\\text { G } & 2,000 & 0.60 \\\end{array}$

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Definitions:

Tragedy

A dramatic genre that explores human suffering, often involving a heroic struggle that ends in defeat or sorrow.

Plato

Plato was an ancient Greek philosopher who laid the foundational elements of Western philosophy and science.

Aristotle

An ancient Greek philosopher and polymath, a student of Plato and teacher of Alexander the Great, who made significant contributions to numerous areas of philosophy and science.

Art of Theater

The craft and study of performing arts, including acting, direction, and production, aimed at presenting stories on stage.