ABC analysis is an inventory control technique in which:

A. Inventory levels are maintained

B. Inventory is classified into A, B and C category with A being the highest quantity, lowest value

C. Inventory is classified into A, B and C Category with A being the lowest quantity, highest value

D. Either b or c

Answer: Option C

Solution(By Examveda Team)

ABC analysis is an inventory control technique in which Inventory is classified into A, B and C Category with A being the lowest quantity, highest value.