The Major Source of Wealth Exploited by the Spaniards in the Americas

question 111

Multiple Choice

The major source of wealth exploited by the Spaniards in the Americas was

• A)gold.
• B)silver.
• C)tobacco.
• D)cotton.
• E)iron

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Definitions:

Periodic Review Policies

Inventory management techniques that involve reviewing and adjusting inventory levels at fixed intervals to ensure adequate supply.

Safety Inventory

Extra inventory held as a buffer against uncertainty in demand or supply, to ensure service levels.

Product Availability

The extent to which products are in stock and available to be purchased by consumers.

Order Up To Level

A replenishment strategy used in inventory management where stock is ordered up to a predetermined level whenever the inventory falls below a certain point.