Marketing Essentials

Chapter 23: Purchasing

Self-Checks

1
Organizational buyers
A)Purchase goods for business purposes
B)Sometimes get involved with production planning
C)Create merchandise plans
D)All of the above
2
What is a six-month merchandise plan?
A)A consumer’s budget for six months
B)An estimation of purchases for six-months
C)An estimation of revenue for six months
D)A pricing plan for merchandise for six months
3
What is OTB?
A)The amount of money left to buy goods after all purchases are received
B)The amount of money allocated to buy a certain type of merchandise
C)The amount of money allocated for purchases for six months
D)Merchandise that is ready to be bought
4
What is the purpose of a want slip?
A)To request a specific product for customers
B)To request products from a store’s warehouse
C)To request a new vendor for similar or familiar products
D)a straight rebuy
5
What is consignment buying?
A)Memorandum buying
B)A reverse auction
C)A straight rebuy
D)The supplier owns the goods until the retailer sells them
Glencoe Online Learning CenterMarketing HomeProduct InfoSite MapContact Us

The McGraw-Hill CompaniesGlencoe

Please read our Terms of Use and Privacy Policy before you explore our Web site. To report a technical problem with this Web site, please contact the Web Producer.