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Unit 4 Entrepreneurship

Authored by Vanesia Harris

Business

9th - 12th Grade

Used 12+ times

Unit 4 Entrepreneurship
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the goal to obtain the right goods and services?

proper quantity

acceptable terms

from the right suppliers

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When selecting for a supplier consider these options

conduct competitive bidding,

negotiate,

check credentials

place order, do not review credentials

bid, no contract needed

google a supplier and order from them

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is purchasing?

The buying of goods for a business

The buying of services for a business

The buying of goods & services for a business.

The buying of a product at walmart

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchasing Specialist buys...

Raw materials

equipment

supplies

all of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 3 types of purchasing?

Resale

transformation

self

Business Use

Raw materials

Self

Business use

Resale

Transformation

Resale

Self

Business Use

6.

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

7.

MATCH QUESTION

1 min • 5 pts

Match the following

Industrial Goods

Items that will be consumed by the industrial user

Retailer

Business that purchases goods and sells them to consumers

Direct distribution

Path straight from producer to consumer or industrial use

Wholesaler

Business that purchases goods and sells them to retailers

Producer

Grower, provider, or manufacturer of goods or services

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