Check your knowledge of key terms in inventory management and procurement by chooslng the best definitions for these terms.
Economies of scale: a Reducing costs per unit by increasing production
Buffer stock: a Goods kept in store to cover seasonal demand e.g. Christmas sale
Factory gate pricing: a Transport costs are not included in the purchase price of a product
4 Supply chain: a The close co-operation of all parties involved in the making, selling, and delivering of a product
5 Tender: b An offer for goods or services that follows a request for a quotation made by an official body, e.g. local government
1. Do you know where my watch is?
2. Kate’s husband is a doctor. They are all doctors in their family.
3. These are very good examples. Study the examples.
4. The papers you need are on the table.
5. He has a long name and I can never remember it.
6. There is a mistake in the sentence. Correct the mistake.
7. Can you tell me where the station is.
8. Who is the driver of this car? You can’t park cars here.
9. The keys to the exercises you are doing now are on the next page.
10. Do you remember the name of the street where we bought this washing machine?
11. He says he needs new glasses. But the glasses they sell here are very expensive.
12. Remember to take the jacket to the cleaner’s.
13. They say the party was a success.
14. Let’s take a photograph of Nick and July. They are a nice couple.
15. I’m going to the airport. The plane leaves in two hours.
16. I liked the presents I received on my birthday.
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