Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
4.02
| Question | Answer |
|---|---|
| competitive bidding process | a method of collecting price quotes from suppliers trying for an order or job |
| credentials | information about a person or business skills abilities and qualifications |
| goods | tangible objects that can be manufactured or produced for resale |
| garuntee | a promise made to the consumer that a products purchase price will be refunded if that product is not satisfactory often called a money back guarantee |
| invoice | the formal printed record of a sale that includes all necessary information's as to the buyer the seller items purchased amounts prices delivery date credit or discount terms |
| make or buy decision | the act of determining whether to produce a needed part or purchase it from a supplier |
| manufacturer | a type of producer that changes the shapes or forms of materials so that they will be useful to customers |
| negotiation | the process of one party reaching an agreement with another party to meet specific needs or wants |
| productivity | the amount and the value of goods and services produced from set amounts of resources |
| profit margin | a ratio of net profit divided by net sales that reflects the profit per dollar sales |
| purchase agreement | a purchase contract that lists the goods o services to be purchased, the quantity to be purchased the price terms of delivery payment information warranty and guarantee infomation as other detils |
| purchase order | the form that a business fills out to order goods: may be the same as a purchase agreement or purchase contract |
| purchasing | the buying of goods and services from a business |
| purchasing process | a series of sequel intel steps taken by purchasing specialists to buy goods and services for a business |
| retailer | a business that buys consumer goods or services and sells them to the ultimate consumer |
| services | intangible activities that are preformed by other people for money |
| specifications | standards that are established and described in detail; requirements |
| strategic planning | long-range planning (3 to 5 years) for the company as a whole |
| suppliers | vendors; businesses from which other businesses buy goods or services |
| trasnformation | a change in the shape or appearance |
| warranty | a promise made by the seller to the consumer that the seller will repair or replace a product that does not preform as expected |
| wholesalers | intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers |
Created by:
MadisonTroub
Popular Business sets