3.What would likely be the most appropriate inventory categorization system for a retail store?

a.ABC

b. VED

c.FSN

4.

A retail store has the following cycle counting plan.

There are 1000 "A" (high importance) items that must be counted 6 times each per year. There are 1500 "B" (medium importance) items that must be counted 3 times each per year.

There are 2500 "C" (low importance) items that must be counted 2 times per year.

Approximately how many counts of B items per day would the stock-taker make? Assume 260 working days in a year. Pick the closest answer from the four options provided below. (Hint: Find total # of counts for all item categories first).

a.18

b.19

c.20

d.22