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Unit 2 - Business Management Suppliers 4.10

Total questions: 9

Worksheet time: 4mins

Name
Class
Date
1.

The amount paid for stock is called

a)

cost of sales

b)

mark up

c)

profit

d)

expenses

e)

price

2.

The end product is generally determined by the quality of suppliers

a)

No

b)

Yes

3.

Which is not correct in reasons for selecting suppliers

a)

price

b)

quality

c)

relaibility

d)

personality

e)

proximity

4.

A fast stock turnover means you need

a)

fast working staff

b)

timely delivery of supplies

c)

shop open 7 days a week

d)

automation

5.

The best advantage of Proximity to suppliers is

a)

you can have a regular coffee with them

b)

you can send customers to them

c)

you can save petrol driving to them

d)

you can reduce wait time for stock and reduce costs

6.

CSR stands for

a)

Corporate Society Responsibility

b)

Corporate Social Responsible

c)

Corporate Society Responsibility

d)

Corporate Social Responsibility

7.

Taking reasonable care when selecting suppliers to ensure they supplier has good practices

a)

is the responsibility of the customer

b)

is the responsibilitey of the Government

c)

is the responsibility of the business

d)

is the responsibility of the supplier

8.

Which factor is least important when choosing a supplier?

a)

Quality of goods

b)

Supplier's location

c)

Supplier's logo design

d)

Cost of goods

9.

What is the primary goal of inventory management?

a)

To increase sales

b)

To minimize costs while meeting customer demand

c)

To maximize the number of suppliers

d)

To reduce the number of employees