Question: 1 . Do you think A items in ABC analysis should be controlled tightly?- Why and How? (Marks-2.5) 2 . What is 80/20 principle? How

1. Do you think "A items" in ABC analysis should be controlled tightly?- Why and How? (Marks-2.5)

2. What is 80/20 principle? How Pareto's law is applied in Inventory Valuation and Inventory Policy Decision for Inventory Control and Materials Management? (Marks-2.5)

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