Soweto and Gugulethu in South Africa Are Examples of

question 52

Multiple Choice

Soweto and Gugulethu in South Africa are examples of

• A)postapartheid housing projects.
• B)townships.
• C)large metropolitan areas.
• D)global central business districts.
• E)upper income gated communities.

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Definitions:

Forward Buying

The practice of purchasing stock in larger quantities than immediately needed to take advantage of discounts or to hedge against price increases.

Peak Demand Period

The time frame when the demand for a product or service reaches its highest point.

Pricing Decisions

These are determinations made by businesses about how much to charge for their products or services, influenced by costs, demand, and competitive factors.

Profitability

The ability of a business to earn a profit, which is the surplus remaining from revenue after all costs are deducted.