23_gentry_williams Word Scramble
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Question | Answer |
a national chain engages in centralized buying in order to save money and present a unified image to its costomers. | true |
extra dating is used to encourage a buyer to purchase new merchandise | true |
although a purchasing manager carries out the specifies of the master production schedule, other people create that schedule without the manager's input | false |
retailers often demand that products have a universal product code because the codes save the retailers time | true |
advance dating means that a manufacturer and a purchasing agent will arrange the merchandise shipping date in advance of the time when the merchandise is needed | false |
materials requirement planning is part of what overall business activity | production planning |
regularly ordering staple goods from a familiar vendor is what type of purchasing situation | straight-rebuy |
on what figure are all other sales projection figures in a merchandise plan based | planned sales |
pet world wants to reduce its planned reductions by 7% from last year's figure of $850. Therefore, what would be pet world's planned reduction amount for this year | $790.50 |
arabesque Dancewear store had $67,500 in sales during january and it's BOM stock inventory was $135,000 what was its stock to sales ratio | 2 |
the BOM stock figure for april is the EOM stock figure is | march |
party town's planned EOM stock figure is $6,000, its planned sales are $4,500, its BOM stock figure is $5,500 and its planned reductions are $350. the amount of party town's planned purchases is | $5,350 |
factories in which employees are badly treated and working conditions are very poor and referred to as | sweatshops |
cindy purchases swimsuits for the surfs up beachware chain of 5 stores. because cindy purchaese merchandise for a retail operation, her correct job title is | buyer retail byer |
sato makes the purchases for a health food store. during the next 3 months, sato plans to purchase $9,500 in merchandise. he has already recieved $2,200 in vitamins and natural foods. another $1,650 and merchandise has been ordered. sato's OTB is | $5,650 |
jovanna went to her local drug store hoping to purchase lightly lively shampoo. the store does not currently stock that item, but the salesperson did prepare a(n) ------------ slip indicating her request | want |
last january's sales at grandma's house candy store were $45,000, and the BOM stock was $135,000. this january's plan sales are $50,000; the store wants to keep the same stock-to-sales ratio as last january. this january's BOM stock figure will be | $150,000 |
subzero refrigerator manufactures has posted on the internet their desire for custom shelves. several suppliers have bid for the contract. this method of internet purchasing is called -------- auctions | reverse |
be sharp music store has planned sales for october of %13,000. it stocks to sales ratio is 2.5. its BOM stock figure for october should be | $32,500 |
purchase goods for business purposes | organizational buying |
the amount of inventory a store has at month's end | EOM stock figure |
any reductions from quoted price | discounts |
a system that helps suppliers provide goods exactly when needed | just-in-time |
retail decisions are made at lower levels of organization | decentralized buying |
goods are paid for only after the final customer purchases them | consignment buying |
procures goods used in service and manufacturing businesses | purchasing manager |
loss of merchandise and revenue due to discounts or theft | planned reduction |
suppliers takes back any unsold goods by pre-established date | memorandum buying |
requires a buyer to do research and some limited decision- making | modified rebuy |
Created by:
vhaun
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