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(ABC analysis) Consider the following list of retail items sold in a Greensboro Museum gift shop. Item Annual Volume Average Profit per Item Greeting Cards

(ABC analysis) Consider the following list of retail items sold in a Greensboro Museum gift shop.

Item

Annual Volume

Average Profit per Item

Greeting Cards

3870

$0.40

T-shirts

1550

1.25

Men's jewelry

875

4.50

Novelty gifts

2050

12.25

Children's clothes

575

6.85

Chocolates cookies

7000

0.10

Earrings

1285

3.50

Other costume jewelry

1900

15.00

Q4) Rank the item categories in decreasing order of the annual profit. Classify each into one of the A, B, or C categories.

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