ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ABC analysis is useful for analy the inventory
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Based on their quantity
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Based on e usage and values
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Based on their physiical volume
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All of the above
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Explanation:
Detailed explanation-1: -ABC analysis is an inventory management technique that determines the value of inventory items based on their importance to the business. ABC ranks items on demand, cost and risk data, and inventory mangers group items into classes based on those criteria.
Detailed explanation-2: -ABC Analysis is a useful tool in inventory management that can help businesses better manage their inventory levels and make better decisions about which items to stock and how to manage them. It helps businesses save money by focusing on the A items and avoiding unnecessary stocking and managing of unimportant items.
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