Explain the ABC inventory classification
The ABC analysis consists of categorizing inventory items or stock-keeping units (SKUs) into three groups according to their total annual dollar usage. It is based on the Pareto principle.
• ""A" items account for a large dollar value but a relatively small percentage of total items. Typically, "A" items comprise 60 to 80 percent of the total dollar usage, but only 10 to 30 percent of the items.
• ""C" items account for a small dollar value but a large percentage of total items. Typically, "C" items account for 5 to 15 percent of the total dollar value and about 50 percent of the items.
• ""B" items are between "A" and "C".
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a. a discount. b. a gain. c. a premium. d. earnings.
Trademarks or trade names
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What will be an ideal response?
__________ changes the dynamics of the project and adds a layer of complexity that can adversely affect the project outcome if the project participants are not aware of what they might encounter regarding cultural differences and multinational economic transactions.
Fill in the blank(s) with the appropriate word(s).