Retail managers can use ________ to determine which inventory items require the most attention.
A) EOQ modeling
B) CSI factoring
C) ABC analysis
D) LIFO analysis

Question

Quizplus · Accepted Answer

ABC analysis helps retail managers identify the items in their inventory that require the most attention by categorizing items based on their sales volume and importance. The most important and high-value items are categorized as "A" items, the moderately important and medium-value items are categorized as "B" items, and the least important and low-value items are categorized as "C" items. This way, retail managers can focus more on managing the inventory of the high-value items and prioritize them over low-value items. EOQ modeling is used to determine the optimum order quantity for an inventory item, CSI factoring is not a relevant term in this context, and LIFO analysis is a method of inventory valuation, not a tool for determining which items require the most attention.

Retail Managers Can Use ________ to Determine Which Inventory Items