Needed to create a unique image, Desire to make efficient purchasing decisions, Desire to obtain quantity discounts.
What is Causes of Centralized Buying
100
True or False: Desire to increase sales is a cause
What is True
100
Slip on which retail store employees enter requests for unstocked or out-of-stock merchandise.
What is Want Slip
100
A reverse auction is a type of auction in which the roles of buyer and seller are reversed. In an ordinary auction, buyers compete to obtain a good or service by offering increasingly higher prices
What is Reverse Auction
200
MRP
What is Materials requirement planning
200
What causes centralized buying
What is Needed to create a unique image, Desire to make efficient purchasing decisions, Desire to obtain quantity discounts.
200
What causes Decentralized Buying
What is Desire to increase sales, Desire to tailor merchandise to local markets.
200
Where an organization has to make changes to a specific buying situation.
What is Modified Rebuy
200
What are Criteria for Selecting Suppliers
What is Production Capabilities, Past Experiences,Special Buying Arrangements,Special services
300
Purchasing for a business is important because the costs of running a business are affected by the services and by the services needed to run the business.
What is Main Idea
300
True or False: A cause of Centralized Buying is Ordering pizza on a lunch break
What is False
300
Desire to increase sales, Desire to tailor merchandise to local markets.
What is Causes of Decentralized Buying
300
Where an organization reorders without modification to the specification.
What is Straight Rebuy
300
The budget that estimates planned purchases for a six-month period.
What is Six-Month Merchandise Plan
400
What is one who purchases goods for business purposes, usually in greater quantities than that of the average consumer.
What is Organizational Buyers
400
Centralized Buying
What is The buying process for all branches in a chain-store operation done in a central location.
400
The buying process in which local store managers or designated buyers are authorized to make special purchases for their individual stores
What is Decentralized Buying
400
A consignor who consigns goods to a consignee transfers possession but not ownership of the goods to the consignee. The consignor retains title to the goods. The consignee takes possession of the goods subject to a trust
What is Consignment Buying
400
The amount of money a retailer has left for buying goods after considering all purchases received, on order, and in transit.
What is Open-to-Buy
500
Organizational Buyers
What is one who purchases goods for business purposes, usually in greater quantities than that of the average consumer
500
The buying process for all branches in a chain-store operation done in a central location.
What is Centralized Buying
500
Decentralized Buying
What is The buying process in which local store managers or designated buyers are authorized to make special purchases for their individual stores
500
A memorandum is a short official note that is sent by one person to another within the same company or organization.
What is Memorandum Buying
500
The Main Idea
What is Purchasing for a business is important because the costs of running a business are affected by the services and by the services needed to run the business.