Purchasing

Question 1

Purchasing

Answer 1

function of acquiring desired products and services

Question 2

Market

Answer 2

the medium through which a change of ownership occurs

Question 3

Commodoities

Answer 3

raw agricultural products used to produce foods

Question 4

Market Channels

Answer 4

the food processing and districution system, beginning with the grower of raw food products and ending at the final customer or point of consumption

Question 5

Middlemen

Answer 5

conduits between manufacturers, distributors, and consumers

Question 6

Brokers and manufacturer’s representatives

Answer 6

wholesalers who do not assume ownership of goods, but whose responsibility it is to bring buyers and sellers together

Question 7

Broker

Answer 7

serves as a sales representative for a manufacturer or group of manufacturers

Question 8

Manufacturer’s representative

Answer 8

serves as a sales representative for a single manufacturer

Question 9

interstate commerce

Answer 9

financial transactions carried on between states

Question 10

intrastate commerce

Answer 10

financial transactions carried on within state boundaries.

Question 11

misbranded

Answer 11

a food product whose label either does not include info mandated by law or includes misleading information

Question 12

standards of identity

Answer 12

defines what a food product must contain to be called a certain food

Question 13

standards of quality

Answer 13

set minimum standards for features such as aesthetics of a product before it can enter interstate commerce

Question 14

standards of fill

Answer 14

regulate the quantity of food in a container

Question 15

negotiation

Answer 15

the communication skills used to confer with others to reach an agreement or compromise

Question 16

ethics

Answer 16

the science of morals in human behavior

Question 17

centralized purchasing

Answer 17

a structure of purchasing in which a department within the organization assumes main responsibility for purchasing

Question 18

group and cooperative purchasing

Answer 18

an organization that represents member organizations and oversees their purchasing function

Question 19

GPO stands for

Answer 19

group purchasing organization

Question 20

quotation

Answer 20

an amount stated as the current price for a desired product/service.