___________ recognizes that all inventories are not of equal value to a firm and thus all inventories should not be managed in the same way.
A)Vendor-managed inventory
B)Inventory turnover
C)Inventory classification
D)ABC analysis of inventory

Question

Quizplus · Accepted Answer

ABC analysis of inventory is a technique that categorizes inventory items based on their importance to the business, recognizing that not all inventory items have the same value or impact on the firm's operations. This approach allows companies to prioritize their inventory management efforts, focusing more resources on the most valuable items.

___________ Recognizes That All Inventories Are Not of Equal Value