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What is meant by ABC analysis of inventory? What principle is it based on? What are several measures that can be used to determine ABC status?

What is meant by ABC analysis of inventory? What principle is it based on? What are several measures that can be used to determine ABC status?

QUESTION:What is meant by ABC analysis of inventory? What principle is it based on? What are severalmeasures that can be used to determine ABC status?SOLUTION:The ABC analysis approach...
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