1.what is the definition of Competitive bidding process?
A.A method of collecting price quotes from suppliers vying for an order or job.
B.Information about a person’s or business’s skills, abilities, and qualifications.
C.Tangible objects that can be manufactured or produced for resale.
A.A method of collecting price quotes from suppliers vying for an order or job
1. The ___ of determining whether to produce a needed part or purchase it from a supplier
A.act
B.type
C. process
A.act
1.egotiation
A.N
B.M
C.P
A.N
1.Credentials
A. price quotes
B.Information
C. product’s purchase price
B.Information
2.What is the definition of Credentials?
A.The formal, printed record of a sale that includes all necessary information as to the buyer, the seller, items purchased, amounts, prices, delivery date, credit or discount terms, etc.
B. Information about a person’s or business’s skills, abilities, and qualifications.
C.The act of determining whether to produce a needed part or purchase it from a supplier.
B.Information about a person’s or business’s skills, abilities, and qualifications.
2._______ objects that can be manufactured or produced for resale
A.producer
B.act
C.Tangible
C.Tangible
2.nvoice
A.G
B.I
C.W
B.I
2.Goods
A.he formal, printed record of a sale
B. A promise made to the consumer
C.Tangible objects
C.Tangible objects
3.What is the definition of Goods?
A. Information about a person’s or business’s skills, abilities, and qualifications
B.A promise made to the consumer that a product’s purchase price will be refunded if that product is not satisfactory; often called a money-back guarantee
C.Tangible objects that can be manufactured or produced for resale
C.Tangible objects that can be manufactured or produced for resale
3. Long-range planning (three to five years) for the _______ as a whole
A.ratio
B.company
C.purchase
B.company
3.roductivity
A.P
B.S
C.T
A.P
3.Wholesalers
A.Vendors; businesses
B.Intermediaries
C.The buying of goods
B.Intermediaries
4.What is the definition of Guarantee?
A. The process of one party reaching an agreement with another party to meet specific needs or wants
B.A promise made to the consumer that a product’s purchase price will be refunded if that product is not satisfactory; often called a money-back guarantee
C.Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers
B.A promise made to the consumer that a product’s purchase price will be refunded if that product is not satisfactory; often called a money-back guarantee
4.A _____ of net profit (after taxes) divided by net sales that reflects the profit per dollar of sales
A.type
B.ratio
C.amount
B.ratio
4.uarantee
A.G
B.I
C.M
A.G
4.Purchase order
A. buying of goods and services for a business
B.A series of sequential steps
C.The form that a business fills out to order goods
C.The form that a business fills out to order goods
5.What is the definition for Invoice?
A.A type of producer that changes the shapes or forms of materials so that they will be useful to consumers
B.The act of determining whether to produce a needed part or purchase it from a supplier
C. The formal, printed record of a sale that includes all necessary information as to the buyer, the seller, items purchased, amounts, prices, delivery date, credit or discount terms, etc.
C. The formal, printed record of a sale that includes all necessary information as to the buyer, the seller, items purchased, amounts, prices, delivery date, credit or discount terms, etc.
5.______________ who help move goods between producers and retailers by buying goods from producers and selling them to retailers
A.business
B.series
C.Intermediaries
C.Intermediaries
5.redentials
A.C
B.G
C.P
A.C
5.Negotiation
A. The process of one party reaching an agreement with another party
B. A type of producer that changes the shapes or forms of materials
C.The act of determining whether to produce a needed part
A. The process of one party reaching an agreement with another party