The 80/20 rule suggests that business owners:
A) try to exercise control 80% of the time over 20% of their inventory.
B) identify those inventory items that represent the greatest value to the business and focus inventory control efforts on them.
C) focus on the 80% of their inventory that only produces 20% of their results in order to improve performance.
D) try to earn 20% more out of the 80% of their inventory that isn't producing.
Correct Answer:
Verified
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