With respect to ABC classification, which of these statements is true?

Good answer and thanks for answer

b. Class A items are high value items

ABC classification of inventory is based on pareto principle. High value items and ensure tight control in terms of process control, physical security as well as audit frequency.

 

Answer is b As in my view abc classification in inventory Depends on cumulative total And number of items And in classification A It gives high value

Answer is b.Class A items are high value items