Entrepreneurship

Entrepreneurship

Gr 11

Multiple Choice

Define inventory

• The items purchases

• The goods available for sale and raw materials used to produce goods available for sale.

• The items sold

Chapter 15:Purchase Management

Open Ended

Meredith Pierce is in charge of purchasing for Fortner Sporting Goods. Last year’s inventory cost the store $75,500. Th e list price of the inventory was $94,375. What was the discount that Meredith received?

Open Ended

What are the criteria for receiving a discount?

Open Ended

Think about grocery lists you or your relatives have made.

2. Recall how you or your relatives selected items for your grocery list.

3. How can you use the purchase-planning methods from this chapter to write a better grocery list? Write your answer in a report.

Multiple Choice

How is purchase planning in households related to purchase planning of industries?

• by reordering

• by managing the items and planning purchases

• by warehousing

• by increasing sales

Multiple Choice

Why should you set up a procedure for receiving goods?

• As it does increase sales

• As it has instructions

• As it is in order

• As increases buying

Video

https://www.youtube.com/watch?v=bQvcytwbVJs&t=22s

Open Ended

What are the postal services in the nineteenth century? What is the medium of delivery of postal items in Bahrain?

Multiple Choice

How were goods delivered in the nineteenth century?

• by land

• horseback or on the rivers

• By air

• By train

Open Ended

Give the main points in 60 seconds