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Considered non-commercial operation

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Reference no: EM133359432

1. Co-Op Purchasing can lead to significant savings becasue:

a. Numerous small operators can band together and purchase in bulk
b. Team work makes the dream work
c. Suppliers get spooked by large numbers
d. All products get processed in a central commissary.

2. When raw goods and products are processed and turned into items ready for sale (example: a side of beef is butchered and turned into delicious steaks) - this is known as:

a. Making stuff
b. Sourcing
c. Conversion
d. Procurement

3. Which of the following would most likely be considered a Non-Commercial operation?

a. Military instillation
b. A vending machine company
c. A franchise operation
d. Arby's

4. Which of the following is generally considered the 'nuts and bolts' of the buyer's job?

a. Purchasing
b. Selection
c. Conversion
d. Procurement

5. Which of the following operations would most likely employ a full-time purchaser?

a. Rocket Mortgage Field House
b. A local bed and breakfast
c. the McDonald's down the street (I'm sure you have a McDonald's down the street - everybody does)
d. A food truck

6. Purchasing is defined as:

a. Choosing from various alternatives
b. Paying for a product or service
c. The systematic exchange between a buyer and seller including determining needs, payment, receiving and storage
d. Finding, evaluating and engaging suppliers.

Reference no: EM133359432

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