Question $13(1$ point$)$

The ABC classification system in imentory management categorizes items based on:

Volume of sales

Annual dollar value and importance

Weight of the item

Shelf life of the item

Question $14(1$ point$)$

What does the A$-$B$-$C approach in inventory management help with?

Determining the reorder point for inventory items

Allocating control efforts based on item importance

Calculating economic order quantity

Estimating carrying costs for inventory items