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Chapter 23 Purchasing Vocabulary
Terms in this set (10)
Purchase goods for business purposes, usually in much greater quantities than the average customer
Purchase goods for resale; They forecast customers' needs and buy the necessary products.
Six-Month Merchandise Plan
The budget that estimates planned purchases for a six-month period.
The amount of money left for buying goods after all purchases received and order have been considered.
Buying for all branches in a chain store operation is done in a central headquarters.
Local store managers or their designated buyers are authorized to make a special purchase for their individual store.
Customer requests for items that are not carried in the store
Goods are paid for only after the final customer purchases them
When the supplier agrees to take back any unsold goods by a certain pre-established date.
Companies post what they want to buy and suppliers bid for the contract
THIS SET IS OFTEN IN FOLDERS WITH...
Marketing Vocab Ch. 21,22,25,26
Chapter 22- Physical Distribution
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