Reference no: EM132861599

1. What would your policy be on the quality of well brands and the variety of brands offered? Give reasons for your decisions.

2. Do you live, the United State, in a control state or a license state? How does this affect purchasing?

3. Explain the relationship between the purchase order, the invoice, and the credit memo.

4. When buying wholesale liquor what is the difference between a post-off discount and an assorted discount?

5. What kind of information should be listed on a bin card, and what is its function?

6. What does your inventory turnover rate tell you about your purchasing management?

7. Why should a physical inventory be taken by people who do not work at the bar or in the storeroom?

8. What numbers do you have to know in a bar business to arrive at its beverage cost or bar cost?