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Jeopardy

Jeopardy. True/False. Terms. Terms. Purchasing Plan. Q$100. Q$100. Q$100. Q$100. Q$200. Q$200. Q$200. Q$200. Q$300. Q$300. Q$300. Q$300. Q$400. Q$400. Q$400. Q$400. Q$500. Q$500. Q$500. Q$500. Final Jeopardy. $100 Question from True/False.

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Jeopardy

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  1. Jeopardy True/False Terms Terms Purchasing Plan Q$100 Q$100 Q$100 Q$100 Q$200 Q$200 Q$200 Q$200 Q$300 Q$300 Q$300 Q$300 Q$400 Q$400 Q$400 Q$400 Q$500 Q$500 Q$500 Q$500 Final Jeopardy

  2. $100 Question from True/False Consumers tend to make purchases in much larger quantities than businesses-True or False?

  3. $100 Answer to True/False What is False.

  4. $200 Question from True/False Organizational Buyers make purchases by planning ahead and preparing months in advance--True or False?

  5. $200 Answer to True/False What is True.

  6. $300 Question from True/False Wholesaler and Retail buyers purchase items for resale – True or False?

  7. $300 Answer to True/False What is True.

  8. $400 Question from True/False The EOM inventory for June is the BOM of May?

  9. $400 Answer to True/False What is False.

  10. $500 Question from True/False Want Slips are used when businesses are performing a Straight Rebuy Purchase-True or False?

  11. $500 Answer to True/False What is False.

  12. $100 Question from Terms The amount of inventory a store has at month’s end.

  13. $100 Answer to Terms What is EOM (End of Month Inventory)?

  14. $200 Question from Terms Loss of Merchandise and revenue due to discounts and theft

  15. $200 Answer to Terms What is planned reductions?

  16. $300 Question from Terms Buying for all branches in a chain store operation from a central location.

  17. $300 Answer to Terms What is centralized buying?

  18. $400 Question from Terms Amount of money left over for buying goods.

  19. $400 Answer to Terms What is Open to Buy?

  20. $500 Question from Terms Retailers’ representative in the central market.

  21. $500 Answer to Terms What are resident buying offices?

  22. $100 Question from Terms A purchase that is made for the first time.

  23. $100 Answer to Terms What is a New Task Purchase?

  24. $200 Question from Terms Production Capabilities, Past Experiences, Special Buying Arrangements, and Special Services.

  25. $200 Answer to Terms What are the 4 areas of criteria in selecting a supplier?

  26. $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.

  27. $300 Answer to Terms What is a Modified Rebuy?

  28. $400 Question from Terms The inventory amount that is also the BOM of the next month.

  29. $400 Answer to Terms What is the End of the Month Inventory?

  30. $500 Question from Terms A common purchasing task that would be used for office supplies, restaurant materials, and common replaced items.

  31. $500 Answer to Terms What is a Straight Rebuy?

  32. $100 Question from Merchandise Plan What is the BOM of the month of June.

  33. $100 Answer to Merchandise Plan What is 374,025?

  34. $200 Question from Merchandise Plan The EOM inventory for the month of May.

  35. $200 Answer to Merchandise Plan What is 374,025?

  36. $300 Question from Merchandise Plan P = (PS + EOM + R) - BOM.

  37. $300 Answer to Merchandise Plan What is the Planned Purchases formula?

  38. $400 Question from Merchandise Plan = Planned Purchases – (Goods Received + Goods Ordered)

  39. $400 Answer to Merchandise Plan What is OTB?

  40. $500 Question from Merchandise Plan OTB (100% - 47% Mark up)

  41. $500 Answer to Merchandise Plan What is OTB at Cost?

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