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Entrepreneurship 4.02

Authored by Donald Efird

Business

9th - 12th Grade

Used 15+ times

Entrepreneurship 4.02
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nina oversees the buying of goods and services for her company. Which business department does she likely work in?

selling

purchasing

transformation

negociation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are three types of buying?

Buying for resale, buying for make-or-buy decision, and buying for retailers

Buying for resale, buying for transformation, and buying for retailers

Buying for transformation, buying for business use, and buying for wholesalers

Buying for resale, buying for transformation, and buying for business use

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jeremiah purchases sterling silver necklaces and bracelets from Native American artisans and sells the items to jewelry stores and gift shops. What kind of buyer is Jeremiah?

Wholesale

Retail

Industrial

Business Use

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Suzette purchases sporting goods from several different manufacturers and sells the items in her shop, Suzy's Sports. What kind of buyer is Suzette?

Wholesale

Retail

Industrial

Business use

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Molly purchases raw materials for a factory that changes the shape and appearance of those materials through a process known as

affirmation

specification

transformation

negociation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a detail that a buyer should know prior to placing an order for raw materials:

How the finished product will be marketed

which employees will be converting the raw materials into finished products

who will be purchasing the finished products

whether the company has storage space for the raw materials

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following companies is most likely to purchase raw materials and components to convert into finished products:

Target

Sears

Ford

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