ABC analysis is an inventory control technique in which

Q. ABC analysis is an inventory control technique in which:

A.            Inventory levels are maintained

B.            Inventory is classified into A, B and C category with A being the highest quantity, lowest value.

C.            Inventory is classified into A, B and C Category with A being the lowest quantity, highest value

D.            Either (B) or (C)

Answer: Inventory is classified into A, B and C Category with A being the lowest quantity, highest value