Jeopardy True/FalseTerms Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal Jeopardy Purchasing Plan Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500.

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Presentation transcript:

Jeopardy True/FalseTerms Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal Jeopardy Purchasing Plan Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500

$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 Terms The 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?