buying and selling

Question 1

“its important for the buyers find” ?

Answer 1

the best quality resources for the lowest possible price

Question 2

mail order can be bought from..?

Answer 2

• from the suppliers from the home country or overseas
• directly from the suppliers
• from an intermediary, such as wholesaler or retailer
• mail order

Question 3

what is home buying?

Answer 3

home buying consists of buying and selling of goods with the aim to make profits among the people of the same country

Question 4

list down 3 advantages of home buying

Answer 4

• communication is easier as they would communicate in the same language
• shipping/ transport costs are likely to be lower as it is done with national boundaries
• goods would be delivered quickly

Question 5

list down 3 disadvantages of home buying

Answer 5

• quality can be lower compared top when goods are imported from abroad
• there is limited choice
• higher cost for buyers when buying from small scale supplies

Question 6

define indirect buying

Answer 6

indirect buying refers to the purchase of goods from intermediaries such as wholesalers and retailers

Question 7

3 advantages of INDIRECT BUYING

Answer 7

• can order in convenient quantities
• different varieties are available
• stock goods on behalf of buyers

Question 8

3 disadvantages of INDIRECT BUYING

Answer 8

• cannot guarantee good quality
• limited quantities available
• handling cost is appliliable

Question 9

define direct buying

Answer 9

it refers to buying directly from the manufacturers or suppliers

Question 10

list 3 advantages of DIRECT BUYING

Answer 10

• quality can be high
• unique customization can be done
• no handing fees as there is no intermediary involved

Question 11

list 3 disadvantages of DIRCT BUYING

Answer 11

• limited variety of product would be available
• need large storage capacity
• need to buy in large quantities

Question 12

define mail order

Answer 12

mail order is the buying of goods and services by mail delivery system (email or postal mail)

Question 13

“buyers can buy goods from”..?

Answer 13

a catalog via the email delivery system

Question 14

list 3 advantages of MAIL ORDER

Answer 14

• quick delivery of goods
• greater variety of products
• it is convenient as it is available 24/7

Question 15

list 3 disadvantages of MAIL ORDER

Answer 15

• customers pay at the time od the delivery
• customers may not get satisfies if the picture does not match the product
• deliveries can get delayed which may lead to dissatisfaction