An analysis that divides inventory into three groups.

 ABC Analysis: An analysis that divides inventory into three groups. Group A is more important than group B, which is more important than group C.

INSTRUCTIONS: 
Describe what is meant by ABC analysis. What is the purpose of this inventory technique — provide an example. Please identify strengths and weaknesses of their ABC analysis applied to their examples. 

Response needs to be in 350 words or more.

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