| A | B |
|---|
| Buyers can be encouraged to purchase new merchandise by | extra dating |
| Used by national chains in order to save money and present a unified image to its customers | centralized buying |
| person responsible for reviewing the master production schedule | purchasing manager |
| evaluate want slips to determine if requests are warranted | buyers |
| review the master production schedule to help them make decisions | purchasing manager |
| new task purchases, modified rebuy, and straight rebuy | 3 types of purchase |
| figure is the basis for all other sales projection figures in a merchandise plan | planned sales |
| Materials requirement planning for industrial markets is part of | production planning |
| regularly ordering staple goods from a familiar vendor is this type of purchasing situation | straight rebuy |
| Factories in which employees are neglected and working conditions are very poor | sweat shops |
| a person who buy things from one store to sell at another store | purchaser |
| BOM | Beginning of month inventory |
| EOM | end of month inventory |
| the BOM stock inventory for one month should be the same as | the EOM from the previous month |
| slip indicating a customer’s request | want slip |
| when sellers bid to provide a good or a service to customer it is called | reverse auction |
| amount of money a retailer has left for buying goods after considering purchases | open-to-buy |
| purchase goods for business purposes | organizational buying |
| requires a buyer to do investigate new vendors | modified rebuy |
| retail decisions are made at lower levels of organization | decentralized buying |
| goods are paid for only after the final customer purchases them | consignment buying |
| supplier takes back any unsold goods by pre-established date | memorandum buying |
| procures goods used in service and manufacturing businesses | purchasing manager |
| any reductions from quoted price | discounts |
| loss of merchandise and revenue due to price reductions and theft | planned reduction |
| EOM stock figure for June is the planned BOM stock figure for what month | JULY |
