Fun with Goods and Services

What is procurement?

• Procurement refers to the management of financial investments.

• Procurement is the act of producing goods in a factory.

• Procurement is the process of selling goods and services.

• Procurement is the process of acquiring goods and services.

Why do we need to buy things?

• To avoid boredom and fill time.

• To impress others with possessions.

• To accumulate wealth and status.

• To fulfill needs and improve quality of life.

What is inventory?

• Inventory is the profit made from sales.

• Inventory is the stock of goods and materials held by a business.

• Inventory is a financial statement.

• Inventory refers to the employees of a business.

How do we keep track of our toys?

• Store toys in a box without labeling them.

• Hide toys in different rooms and forget about them.

• Create an inventory list and label each toy.

• Give away all the toys to friends.

What does it mean to organize goods?

• To arrange and manage items systematically for efficient storage and retrieval.

• To dispose of items that are no longer needed.

• To create a marketing strategy for products.

• To sell items at a higher price.

Why is it important to know what we have?

• To impress others with our possessions.

• To compare ourselves with others.

• It is important to know what we have to effectively manage resources and make informed decisions.

• To create unnecessary stress about what we lack.

What is a delivery?

• The act of returning items to a store.

• A method of advertising goods.

• The process of creating a product.

• The act of transporting goods or services to a recipient.

How can we make sure we have enough snacks?

• Ignore expiration dates

• Rely on friends to bring snacks

• Buy only sweet snacks

• Assess inventory, estimate needs, create a shopping list, and check stock regularly.

What is a list of things we need called?

• inventory

• menu

• agenda

• checklist

Why should we share our toys with friends?

• To show off how many toys we have.

• We should share our toys with friends to build friendships and promote sharing.

• To keep them safe from others.

• To make our toys more valuable.