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Select one:a. % workers deliver% productsb.% workers deliver% productsc.% of items constitute% of Value and% of items constitute% of valued.% of effort delivers% output and% effort results in% of output
Hello Team,
When it comes to classifying your inventory it is usually safe to follow the Pareto Principle, also known as the 80/20 rule. The Pareto Principle is the theory that most businesses see 80% of their sales come from roughly 20% of customers, which should fall into your A classification category.
Regards,
Saiyid
Since it is material classification, ABC analysis principle which is similar to Pareto principle should be applied, i.e.,
‘A’ items – 20% of the items accounts for 70% of the annual consumption value of the items.
‘B’ items - 30% of the items accounts for 25% of the annual consumption value of the items.
‘C’ items - 50% of the items accounts for 5% of the annual consumption value of the items.
Hence c.% of items constitute% of Value and% of items constitute% of value is the right answer
a. % workers deliver% products
20% of items constitute 80% of Value and 80% of items constitute 20% of value.
Agree with the reply given by Saiyid Maududi
agree with all expert answers above
thanks for invition ,,,,,,,,,,
my choice is option A
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