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Why a new and small restaurant is not high on the supplier’s priority list?

• Small quantity ordered.

• The payment record is good.

• The suppliers didn’t recognize new restaurant.

• The new restaurant has bad reputation of ordering.

Predicting the kinds of products and services that will be available in the future and what their prices will be.The above statement refers to what type of research activity?

• What-If analysis.

• Value analysis

• Forecasting.

• Plant visits.

In Value Analysis, one should compare between whole chicken and chicken parts. What is the benefit of whole chicken?

• The whole parts can be used.

• It is more quality than chicken parts

• It is less expensive than chicken parts

• The edible portion cost is lesser than chicken parts.

What is the term used when a buyer establishes a supplier to purchase unique products?

•         Sourcing.

• A.              Selection.

• A.              Forecasting.

• A.              Procurement.

AP price stands for _______________.

• as-purchased price

• as-portioned price

• as-permitted price

• as-procured price

Which of the followings is one of the research activities?

• What-Of Analysis.

• Opportunity Analysis

• Make or Buy Analysis.

• Make from scratch Analysis.

   

EP Cost refers to______________.

• edible-price

• edible-portion

• edible-purchase

• edible-percentage