2.3.2 - Working with suppliers (Part A)

Quiz
•
Business
•
9th - 10th Grade
•
Hard
P Bell
Used 51+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes the term, just in time (JIT) stock control?
The stock which a business holds
A diagram which shows business stock levels and usage over time
A system whereby stock arrives only when it is needed by the business
The minimum amount of stock that a business holds at any one time
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a drawback to a business of using just in time (JIT) stock control?
High insurance costs
Stock could become out of date or obsolete
Storage costs will be high
Delays in deliveries could result in idle resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following businesses is most likely to operate a just in time (JIT) stock control system?
Car manufacturer
Nationwide footwear retailer
Wholesaler of building supplies
School uniform retailer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors would a café, which prides itself on the sale of ethically sourced products, consider the most important when choosing its suppliers?
Cost
Delivery
Availability
Trust
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms best describes the process of choosing a supplier, agreeing what to buy, at what price and by when?
Just in time (JIT) stock control
Logistics
Stock control
Procurement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is true in relation to the bar gate stock graph below?
The business experienced a stock out in month one
The maximum stock level the business wishes to hold is 4 cartridges
The lead time for each delivery is always two months
D The re-order quantity in month two is 6 cartridges
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a bar gate stock graph, which of the following terms describes the size of an order that is delivered to a business at a set moment in time?
Maximum stock level
Re-order quantity
Minimum stock level
Re-order level
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