jeopardy true/falseterms q$100 q$200 q$300 q$400 q$500 finalfinal jeopardy purchasing plan q$100...
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JeopardyTrue/False Terms Terms
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Q$500
Final Jeopardy
Purchasing Plan
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Q$500
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$100 Question from True/False
Consumers tend to make purchases in much larger quantities than businesses-True or False?
$100 Answer to True/False
What is False.
$200 Question from True/False
Organizational Buyers make purchases by planning ahead and
preparing months in advance--True or False?
$200 Answer to True/False
What is True.
$300 Question from True/False
Wholesaler and Retail buyers purchase items for resale – True or
False?
$300 Answer to True/False
What is True.
$400 Question from True/False
The EOM inventory for June is the BOM of May?
$400 Answer to True/False
What is False.
$500 Question from True/False
Want Slips are used when businesses are performing a Straight Rebuy
Purchase-True or False?
$500 Answer to True/False
What is False.
$100 Question from Terms
The amount of inventory a store has at month’s end.
$100 Answer to Terms
What is EOM (End of Month Inventory)?
$200 Question from Terms
Loss of Merchandise and revenue due to discounts and theft
$200 Answer to Terms
What is planned reductions?
$300 Question from Terms
Buying for all branches in a chain store operation from a central
location.
$300 Answer to Terms
What is centralized buying?
$400 Question from Terms
Amount of money left over for buying goods.
$400 Answer to Terms
What is Open to Buy?
$500 Question from Terms
Retailers’ representative in the central market.
$500 Answer to Terms
What are resident buying offices?
$100 Question from Terms
A purchase that is made for the first time.
$100 Answer to Terms
What is a New Task Purchase?
$200 Question from Terms
Production Capabilities, Past Experiences, Special Buying
Arrangements, and Special Services.
$200 Answer to Terms
What are the 4 areas of criteria in selecting a supplier?
$300 Question from TermsThe buyer is experienced in
purchasing the goods but an element of the purchased changed forcing the
business to change its purchasing decision.
$300 Answer to Terms
What is a Modified Rebuy?
$400 Question from Terms
The inventory amount that is also the BOM of the next month.
$400 Answer to Terms
What is the End of the Month Inventory?
$500 Question from Terms
A common purchasing task that would be used for office supplies, restaurant materials, and common
replaced items.
$500 Answer to Terms
What is a Straight Rebuy?
$100 Question from Merchandise Plan
What is the BOM of the month of June.
$100 Answer to Merchandise Plan
What is 374,025?
$200 Question from Merchandise Plan
The EOM inventory for the month of May.
$200 Answer to Merchandise Plan
What is 374,025?
$300 Question from Merchandise Plan
P = (PS + EOM + R) - BOM.
$300 Answer to Merchandise Plan
What is the Planned Purchases formula?
$400 Question from Merchandise Plan
= Planned Purchases –
(Goods Received + Goods Ordered)
$400 Answer to Merchandise Plan
What is OTB?
$500 Question from Merchandise Plan
OTB (100% - 47% Mark up)
$500 Answer to Merchandise Plan
What is OTB at Cost?