Unit 2 - Business Management Suppliers 4.10

The amount paid for stock is called

• cost of sales

• mark up

• profit

• expenses

• price

The end product is generally determined by the quality of suppliers

• No

• Yes

Which is not correct in reasons for selecting suppliers

• price

• quality

• relaibility

• personality

• proximity

A fast stock turnover means you need

• fast working staff

• timely delivery of supplies

• shop open 7 days a week

• automation

The best advantage of Proximity to suppliers is

• you can have a regular coffee with them

• you can send customers to them

• you can save petrol driving to them

• you can reduce wait time for stock and reduce costs

CSR stands for

• Corporate Society Responsibility

• Corporate Social Responsible

• Corporate Society Responsibility

• Corporate Social Responsibility

Taking reasonable care when selecting suppliers to ensure they supplier has good practices

• is the responsibility of the customer

• is the responsibilitey of the Government

• is the responsibility of the business

• is the responsibility of the supplier

Which factor is least important when choosing a supplier?

• Quality of goods

• Supplier's location

• Supplier's logo design

• Cost of goods

What is the primary goal of inventory management?

• To increase sales

• To minimize costs while meeting customer demand

• To maximize the number of suppliers

• To reduce the number of employees