In the A-B-C approach to classify inventory,items that have high unit costs are always classified as "A" category items.

Name: In the A-B-C approach to classify inventory,items that have high unit costs are always classified as "A" category items.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The A-B-C approach classifies inventory based on the importance of certain items to the overall inventory cost, not just the unit cost. "A" items are those that account for a significant portion of the total value, but not necessarily the highest unit cost.

In the A-B-C Approach to Classify Inventory,items That Have High