Question: 1. The Century One Store has 10 items in inventory, as shown in the following table. The manager wants to divide these items into ABC classifications. What would you recommend?
2. Lea Ash opens a new cosmetics store. There are numerous items in inventory, and Lea knows that there are costs associated with inventory. Lea wants to classify the items according to dollars invested in them. The following table provides information about the 10 items that she carries:
Use ABC analysis to classify these items into categories A, B, and C.