Term
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Definition
| Is a series of activities resulting in the selection and acqusition of commodities or service. |
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Term
| Difference between shopping and buying... |
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Definition
buying- an exchange of values between a buyer and seller.
shopping- goods or services that are obtained for something of value. |
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Term
| Difference between an industrial buyer and an ultimate buyer |
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Definition
ultimate buyer- buying for his or her own use
industrial buyer- purchase goods for a manufacturer |
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Term
| 4 purchasing activities that can be done using the internet |
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Definition
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Term
| 5 groups of decision making |
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Definition
1. patron- customer
2. production- kitchen and staff
3. service- dining room and related units
4. buyer-
5. management |
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Term
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Definition
| patron- may be a guest or inmate, or a patient having food needs that must be met. |
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Term
| If you are the purchasing manager, who is your internal customer? |
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Definition
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Term
| The 3 spheres in purchasing |
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Definition
patron- who must be satisfied
inner- where purchase needs are determined
outer- the market |
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