Bulk buying Flashcards
1
Q
Bulk buying definition
A
the purchase of large quantities of a particular product or products, typically at a discount
2
Q
Bulk buying economic benefits
A
reduces material costs which can be passed on to the customer helping competition, reduces final product cost (cost per unit)
3
Q
Bulk buying disadvantages
A
upfront costs, extra storage needed, potential wastage if expires
4
Q
A
