sources of buying

Question 1

the buying process

Answer 1

requisitaion
negotiation
place order
chase delivery
clear invoice

Question 2

buying from suppliers at home

Answer 2

lower transport costs
+easier communications
+quicker
-lost oppurtunites
-limited choice
-less effiecent

Question 3

advantages of buying from suppliers in other countries

Answer 3

+cheaper
+greater choice
+superior quality
Cross-border trading may be complex
-hidden costs (tariffs)
-longer delivery time

Question 4

buying directly from suppliers

Answer 4

+cheaper
It is easy to build a business relationship
a shorter and more effective communication line
A temporary break in supply could be a big problem
Suppliers making false promises may leave buyer in a risky
-may reduce variety in supplies

Question 5

indirect buying through intermediary

Answer 5

wide choice of products
reduced transport costs
-more expensive
-may lack expert knowledge in products

Question 6

mail order

Answer 6

+cheaper
+lead time is short
-may not live up to expectations
-lack of personal contact