Question: Write a definition that does not exceed a line for each of these terms and give an example for each of them: 1. economic order

Write a definition that does not exceed a line for each of these terms and give an example for each of them:

‏1. economic order quantity
‏2. reorder level.
‏3. minimum level.
‏4. maximum level.
‏5. stock out
‏ 6. carrying cost.
‏7. ordering cost

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