The ________ Inventory Control System Relies on the Validity of the 80/20

question 71

Multiple Choice

The ________ inventory control system relies on the validity of the 80/20 rule.

• A)partial
• B)perpetual
• C)visual
• D)ABC

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Definitions:

Desired Benefits

The specific advantages or positive outcomes that consumers look for when purchasing a product or service.

Balanced Performance Scorecard

a strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Financial Perspective

An aspect of business strategy focused on financial metrics and outcomes as a measure of success, often used in the Balanced Scorecard framework.

Customer Perspective

The viewpoint or attitudes of customers towards a product, service, or brand.