What Is Full Form of ABC Analysis?

Answer

A full form of ABC analysis relates to an inventory categorization technique. This term is widely utilized in the business world, and is implemented in various commercial sectors across the world. When it comes to full form, all 3 letters or elements are based within the categorizing technique. This includes A, which secures precise and well defined records, B relates to good records, however, less precise in nature, and C entails minimal record keeping with the simplest controls.
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