Question

    In light of Inventory Management, what does "VED" stand

    for?
    A Vital, Essential and Desirable Correct Answer Incorrect Answer
    B Valuation, Estimation and Depreciation Correct Answer Incorrect Answer
    C Volume, Earnings and Discounts Correct Answer Incorrect Answer
    D Vouchers, Estimates and Disclosures Correct Answer Incorrect Answer

    Solution

    In the context of Inventory Management, "VED" stands for: Vital, Essential, and Desirable VED analysis is a technique used to categorize inventory items based on their criticality and importance to the business. It helps in classifying items into different categories to manage them effectively and prioritize their control and management.

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