Items for which prices are comparatively low, and the cost of price reduction efforts may exceed any price savings realized, are called:
A) sensitive commodities.
B) raw materials.
C) special items.
D) standard production items.
E) MRO items.

Question

Quizplus · Accepted Answer

MRO (Maintenance, Repair, and Operations) items are typically low-cost items where the effort to reduce prices may not justify the savings, as they are often purchased in small quantities and are not central to production.

Items for Which Prices Are Comparatively Low, and the Cost