Describing the abc classification system, Basic Statistics

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Describing the abc classification system

Assignment:

Describe the ABC classification system. What is the purpose of classifying items in this fashion? What would be the primary value of ABC analysis to a retailer? To a manufacturer?

Provide complete and step by step solution for the question and show calculations and use formulas.

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Basic Statistics: Describing the abc classification system

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Basic Statistics: Describing the abc classification system

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