Purchasing Function

Products that we get from the Primary sector are called...

• Raw Materials

• Finished Products

• Consumable Stock

• Primary Stock

Which of these 2 are considered semi-finished goods?

• Material

• Wooden plank

• Television

• Hammer

Which of these would be considered to be perishable stock?

• Apples

• Staples

• Milk

• Paper

Which of these would be considered to be maintenance stock?

• Pens

• Cash Register

• Printer cartridges

• Laptop

Goods that the business needs to operate,for example Machines and equipment, are called...

• Capital Goods

• Machine Goods

• Finished Goods

• Labour Goods

When a business orders enough goods so that it can get a discount for buying in bulk. We call this...

• Economies of scale

• Economic Order Quantities

• Lead Time

• Bulk Buying

When a business orders a certain amount of stock so that it can save on delivery costs. We call this...

• Economies of Scale

• Economic Order Quantities

• Lead Time

• Deliveries of Scale

The time it takes for a business to deliver a product is called...

This image is an example of ...

• a trademark

• advertising

• safety standard

• commercial standards

The Consumer Protection Act protects us against...

• False advertising

• Deceptive labeling

• Overpricing

• All of the above