The ABC classification method classifies inventory based on ______.
A)unit value
B)amount of safety stock needed
C)product quality
D)quantity demanded

Question

Quizplus · Accepted Answer

The ABC classification method classifies inventory based on the unit value of each item, with A items being the highest value items and C items being the lowest value items. This method helps companies prioritize which items to focus on managing more closely based on their value to the business.

The ABC Classification Method Classifies Inventory Based on ______