<prompt> Analysis done for the expenditure of large propoion for a small number and vice versa?ABCSDEVEDFSN  <response>: ABC analysis is popularly known as Always Better Control is a very useful approach to material management based on Pareto;s principle of Vital few and tril many based on the capital investment of the item. According to Pareto;s theory O10 items consume about 70 of the budget Group A. OThe next 20 consume 20 of financial resources Group B andOremaining 70 items account for just 10 of the budget Group C. 