2-11 Purchasing Quizizz

What are specifications or specs?

• Informal requests for items

• Detailed descriptions of all the characteristics needed to fill a purchase need

• A list of items needed for storage

• A summary of purchase history

What are requisitions?

• Informal notes for items

• Formal requests for items to be ordered or used from storage

• A list of items to be discarded

• A summary of inventory

What is a franchise?

• A type of product

• A legal business relationship in which an independent owner buys the right to use a company’s name, products, and logo

• A type of marketing strategy

• A form of employee training

What is the purpose of specifications in purchasing?

• To create marketing plans

• To provide detailed descriptions needed to fill a purchase need

• To summarize financial reports

• To list employee duties

What is a key characteristic of a franchise?

• It is owned by a single individual

• It involves buying the right to use a company’s name, products, and logo

• It is a non-profit organization

• It operates without a brand name

What is an example of a company that operates as a franchise?

• A local bakery

• McDonald's

• A neighborhood bookstore

• A private clinic

What is a "Quote or daily bid"?

• A legally binding written document

• The price retailers pay for the convenience of selecting the time of delivery

• Notice of a price that a supplier gives to a buyer during the purchasing process

• The cost of choosing a quick but expensive form of transport

What does "Service value" refer to?

• The price savings created when a buyer purchases bulk quantities of food

• Value of additional convenience services that a vendor provides to its customers

• The cost of choosing a quick but expensive form of transport

• Economic relationship in which a decrease in supply results in an increase in price

Why is a make-or-buy analysis important for operations?

• It helps in reducing employee turnover

• It balances how much food a kitchen produces with quality standards

• It increases the number of menu items

• It decreases the need for inventory management

What are items called that do not readily support the growth of bacteria due to packaging or processing?

• Perishable products

• Nonperishable products

• Reorder point

• Receiving