World Cities Are Those That Are

question 2

Multiple Choice

World cities are those that are

• A) closely linked in a system of international commerce.
• B) the locations of most of the refugee camps in the world.
• C) the oldest cities in the world.
• D) benefited from multinational corporations.

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Definitions:

ABC Analysis

A method for classifying inventory or items into three categories (A, B, and C) based on their importance, usually determined by value or usage rate.

Inventory Savings

Reductions in costs achieved through efficient management of stock, including ordering, storing, and using goods or materials.

Economic Order Quantity

A calculation that determines the optimal order quantity that minimizes total inventory costs, including holding, ordering, and shortage costs.

Safety Stock

An extra quantity of inventory kept on hand to prevent stockouts caused by unpredictable demand or supply delays.