Purchase and sale

Purchase by description means

• buyer looks at a catalogue

• buyer looks at a sample

• buyer looks at the goods

Which method would you use to buy groceries

• purchase by description

• purchase by inspection

• purchase by sample

Which of the below activities are not involved in selling

• identifying the requirement

• setting up price

• setting up an account

• discounts and promotions

Which method of sale is used for expensive items

• sale through tender

• Hire Purchase

• auction sale

• deferred installment plan

A __________________ is part payment of the total amount

• price

• sum

• installment

• discount

In this type of sale, buyer pays in installments

• cash sale

• sale of approval basis

• Deferred installment Plan

• HIre Purchase

Tick the correct option. In a sale through installment

• ownership is with the seller until all installments are paid

• ownership is with the seller until 1st installment is paid

A method used by Govt. agencies

• auction sale

• cash sale

• hire purchase

• Tender

The selling procedure begins with an

• An offer

• An inquiry from the buyer

• An invoice

The quotation contains

• Price of the goods

• Terms and conditions of the sale

• Both of the above