What is the definition?
Fill In the blank
Guess the first letter of the word
words related to the vocabulary word
100

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

100

1. The ___ of determining whether to produce a needed part or purchase it from a supplier

A.act

B.type 

C. process 


A.act

100

1.egotiation

A.N

B.M

C.P

A.N

100

1.Credentials

A. price quotes

B.Information

C. product’s purchase price 


B.Information

200

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.

200

2._______ objects that can be manufactured or produced for resale

A.producer

B.act 

C.Tangible

C.Tangible

200

2.nvoice

A.G

B.I

C.W

B.I

200

2.Goods 

A.he formal, printed record of a sale

B. A promise made to the consumer

C.Tangible objects

C.Tangible objects

300

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

300

3. Long-range planning (three to five years) for the _______ as a whole

A.ratio

B.company

C.purchase

B.company

300

3.roductivity

A.P

B.S

C.T

A.P

300

3.Wholesalers

A.Vendors; businesses 

B.Intermediaries

C.The buying of goods

B.Intermediaries

400

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

400

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 

400

4.uarantee

A.G

B.I

C.M

A.G

400

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

500

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.

500

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

500

5.redentials

A.C

B.G

C.P

A.C

500

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