2.3.2 - Working with suppliers (Part A)

2.3.2 - Working with suppliers (Part A)

9th - 10th Grade

13 Qs

quiz-placeholder

Similar activities

CHAPTER 6_INVENTORY MANAGEMENT

CHAPTER 6_INVENTORY MANAGEMENT

1st Grade - University

11 Qs

2.3 Making Operational Decisions

2.3 Making Operational Decisions

10th - 12th Grade

10 Qs

Working capital

Working capital

10th Grade

15 Qs

Inventory Management Vocabulary

Inventory Management Vocabulary

9th - 12th Grade

18 Qs

Business Entrepreneurship - FINAL EXAM

Business Entrepreneurship - FINAL EXAM

9th - 10th Grade

15 Qs

SGS Business 2.3.3 Managing Stock

SGS Business 2.3.3 Managing Stock

9th - 11th Grade

12 Qs

Operations (HT2.1)

Operations (HT2.1)

10th Grade

15 Qs

Year 10 Economics Week 3 Quiz

Year 10 Economics Week 3 Quiz

10th Grade

13 Qs

2.3.2 - Working with suppliers (Part A)

2.3.2 - Working with suppliers (Part A)

Assessment

Quiz

Business

9th - 10th Grade

Hard

Created by

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Stock could become out of date or obsolete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

Media Image

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

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?