Purchasing & Inventory

_____________ is the buying of goods that will be sold by the business.

What type of buyer purchases for the WHOLE business at one location?

• Centralized Buyer

• Decentralized Buyer

What type of market makes purchase use by businesses such as the military, Post Office, or the state?

• Industrial

• Government

• Reseller

Which purchase situation would be when a company buys an item for the first time?

• Straight Rebuy

• Modified Rebuy

• New Task

___________ is the amount of goods a business has stored.

SELECT ALL THAT APPLY: What are some things we must consider when selecting a vendor?

• Price

• Location

• Availability

• Quality