Tag: selling and distribution

Questions Related to selling and distribution

________ is the basis for placing the purchase order for materials and supplies.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. Catalogs

  2. Purchase requisition

  3. Trade journals

  4. Quotations

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Correct Option: B

Locating sources of supply is also called as ______.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. Product planning

  2. Contractual function of buying

  3. Contractual function of selling

  4. Elasticity of supply

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Correct Option: A

Buyers can exercise high bargaining power over their suppliers if _________.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. the volume they buy accounts for a large percentage of their suppliers' sales

  2. there are few buyers in the market

  3. they have many suppliers to choose from

  4. all of the above

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Correct Option: D

Responsibilities that are carried by Stores Department include _____.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. Materials handling

  2. Storage and preservation

  3. Issue and dispatch

  4. all of the above

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Correct Option: D

________ is the main factor in timely execution of industrial projects.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. Advertising

  2. Promotion

  3. Purchasing

  4. Selling

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Correct Option: C

________ is the organized acquisition of goods and services on behalf of the buying entity.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. Production

  2. Marketing

  3. Purchasing

  4. Advertising

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Correct Option: C

Purchase budget is prepared with the help of ______ department.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. production planning

  2. marketing

  3. finance

  4. administration

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Correct Option: A

________ is the first phase of Materials Management.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. Purchasing

  2. Marketing

  3. Branding

  4. Advertising

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Correct Option: A

The purchasing department's primary goals include(s) _________.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. To locate suppliers that can provide goods and services in accordance with the buyer's requirements.

  2. To buy items that meet the quality specifications of the buyer.

  3. To create a stream of deliveries into the buyer's premises that minimize the raw materials inventory investment

  4. All of the above

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Correct Option: D

Common purchasing activities include _______.

elements of business selling and distribution definition and functions of purchasing and storage department purchasing and stores product life cycle

  1. receive and verify purchase requisitions

  2. search for qualified suppliers that can fulfill the buyer's needs

  3. issue purchase orders to suppliers

  4. all of the above

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Correct Option: D