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Stack #618694

QuestionAnswer
Who buys goods for business purposes? Organizational Buyers
Who purchases goods for resale Purposes? Wholesale and Retail Buyers
What is the budget that estimates planned purchases for a six-month period? Six-Month Merchandise Plan
What inventory is used to ensure that there is enough stock to accommodate the sales volume planned? Beginning of the month Inventory (BOM)
What takes into account the reductions in the selling price and shortages of merchandise caused by clerical mistakes, employee pilferage, or customer shoplifting? Planned Retail Reductions
What is the amount of money left for buying goods after all other expenses have been considered? Open-to-Buy
What is buying for all branches in a chain store operation is usually done in a central location known as? Centralized buying
What type of store usually uses Centralized Buying Chain Store
When is the authority for retail decision is made at low levels in the organization? Decentralized Buying
What are the federal, state, or local agencies that are responsible for purchasing goods and services for their specific markets? Government Units
What are the three Types of Purchase Situations? New-Task Purchase, Modified Rebuy, and Straight Rebuy
What are customers requests for items that are not carried in the store? Want Slips
Who is the retailers' representatives in the central market? Resident Buying Offices
What type of factory is charaterized by poor working conditions and negligent treatment of employees? Sweatshops
What type of buying is whengoods are paid for only after they are purchased by the final customer? Consignment Buying
What occurs whent he supplier agrees to take back any unsold goods by a certain preestablished date? Memorandum Buying
When companies post what they want to buy and suppliers bid for the contract is called what? Reverse Auction
Created by: nallja
 

 



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