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WorksheetsUnit 4 Entrepreneurship
Total questions: 12
Worksheet time: 7mins
what is the goal to obtain the right goods and services?
proper quantity
acceptable terms
from the right suppliers
all of the above
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
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
Purchasing Specialist buys...
Raw materials
equipment
supplies
all of the above
What are the 3 types of purchasing?
Resale
transformation
self
Business Use
Raw materials
Self
Business use
Resale
Transformation
Resale
Self
Business Use
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
Grower, provider, or manufacturer of goods or services
Wholesaler
Business that purchases goods and sells them to consumers
Direct distribution
Business that purchases goods and sells them to retailers
Producer
Items that will be consumed by the industrial user
Retailer
Path straight from producer to consumer or industrial use
Industrial Goods
Doormats, carpeting, telephones, and cleaning chemicals are all items that an office might buy for
Production
Business Use
Negotitions
Competitive Bidding
Which of the following companies is most likely to purchase raw materials and components to convert into finished products:
Target
Walmart
Ford
Big Lots
Molly purchases raw materials for a factory that changes the shape or appearance of those materials through a process known as
Affirmation
Specification
Transformation
Negotiation
Which of the following intermediaries never actually owns the products they promote and sell:
Retailer
Wholesaler
Agent
Industrial User
It is important to purchase because
Increase profit
helps with sales
it is a good thing to do
increase the wholesalers profit
