A production material that lies on the high end of both the value/cost scale and the criticality scale is categorized as a strategic item.

Name: A production material that lies on the high end of both the value/cost scale and the criticality scale is categorized as a strategic item.
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Question

Quizplus · Accepted Answer

A material that is high in value/cost and criticality is considered vital to a company's operations and typically requires careful management and planning. This is why it is categorized as a strategic item.

A Production Material That Lies on the High End of Both