Sales and Purchasing Vocabulary Quiz

What is the term for the process of persuading a potential customer to buy a product or service?

• Marketing

• Sales or Selling

• Buying

• Negotiation

What is the term for the amount of money that a customer pays for a product or service?

• value

• price

• fee

• cost

What is the term for the person or organization that sells goods or services?

• customer

• supplier

• seller

• buyer

What is the term for the process of buying goods or services from a supplier?

• distribution

• acquisition

• disposal

• procurement

What is the term for the amount of a product that is available for sale?

• demand

• stock

• inventory

• supply

What is the term for the person or organization that buys goods or services?

• customer

• seller

• buyer

• supplier

What is the term for the price at which a seller is willing to sell a product or service?

• Cost price

• Asking price

• Market price

• Selling price

What is the term for the price at which a buyer is willing to buy a product or service?

• bid

• price

• ask

• sell

What is the term for the amount of money that a business receives in exchange for its products or services?

• revenue

• income

• profit

• earnings

What is the term for the process of promoting and selling products or services, including market research and advertising?

• Advertising

• Promotion

• Marketing

• Sales