Question: 5. ABC analysis is based upon the principle that: (a) An item is critical if its usage is high (b) There are usually a few

5. ABC analysis is based upon the principle that:

(a) An item is critical if its usage is high

(b) There are usually a few critical items and several items, which are less critical

(c) The safety stock (in terms of volume) should be higher for A items than for C items

(d) An items is critical if its unit price is high

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