Here is some questions for an assignmenRight here is a few questions for an task:The data under reveals merchandise your organization produces, their demand, price and at present stock ranges.Product #Value ($)Annual V olume (models)Common Stock (models)A246$1.00220005600B615$zero.253500120C024$four.251468348L227$1.254401200N376$zero.5040000800P112$2.251600352R116$zero.12250002100R221$12.0041080T049$eight.5012450T519$26.00103006. Classify these merchandise into A-B-C primarily based on their quantity and stock ranges. (10 factors) Are the merchandise stocked appropriately and why or why not? (5 factors)My query is how do i classify the merchandise? I used to be capable of calculate the fee associated to every product demand however undecided what my subsequent step is? Any assist or strategies is appreciated! what's ABC rating and the way do i do know which product belongs to every rating?