The__________ is a technique that divides inventory into three groups, according to dollar investment.
A) EOQ model
B) ABC system
C) LIFO model
D) exponential smoothing technique

Question

Quizplus · Accepted Answer

The technique that divides inventory into three groups based on their dollar investment is the ABC system. This technique helps to categorize items based on their importance and control inventory costs effectively. EOQ model is used to calculate the optimal order quantity, LIFO model is used for inventory valuation, and exponential smoothing technique is used for forecasting demand.

The__________ Is a Technique That Divides Inventory into Three Groups