⟩ Under the ABC system of inventory priorities a Class A item is?
1. The 80% of high-value items that account for around 20% the total stock value
2. The 20% of high-value items that account for around 20% the total stock value
3. The 20% of high-value items that account for around 80% the total stock value
4. The 80% of high-value items that account for around 80% the total stock value
The 20% of high-value items that account for around 80% the total stock value