When is the buyer required to pay their initial deposit? Select one of the following Within the first 5 business days after exchanging contracts At the time of exchanging contracts Before the exchange of contracts At the end of the cooling off period
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When is the buyer required to pay their initial deposit? Select one of the following Within the first 5 business days after exchanging contracts At the time of exchanging contracts Before the exchange of contracts At the end of the cooling off period
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- Mr. Williams, the leather handbag buyer for an upscale menswear specialty retailer located in San Francisco, decides to review his vendor analysis report before making his forthcoming season’s purchases. The report shows that there are three relatively strong and three relatively weak suppliers among the top six resources in relation to the gross margin each generated. Mr.Williams realizes that some important aspects of his job as a buyer are to negotiate trade discounts, quantity discounts, cash discounts, dating, and transportation charges. Because any and/or all of these factors can increase the essential gross margin figure, he examines copies of past orders to determine the terms of sale on previous purchases. He discovers that some suppliers granted all his requests pertaining to discount and dating elements, certain vendors negotiated these factors only after an initial order was placed, and a considerable number allowed only the absolute minimum discount that prevailed in the…The term of sale contract signed between company A (buyer) and its supplier is FOB origin. Company A buys a product from its supplier and it is shipped by USPS. Who is the owner of the product, when it is in USPS storage and will be soon on the way to be delivered to company A? Group of answer choices Company A The supplier USPS Both company A and the supplier Both supplier and USPSA production corporation has entered into a new deal with a large raw material provider used in the manufacturing phase.The retailer maintains its raw material stock in the manufacturing plant under the current agreement called asupplier-managed warehouse and charges it only as the manufacturer purchases the raw material. How does thisimpact the product turnover level of the manufacturer?
- I represented my company in negotiations with another firm trying to work out a deal my management wanted badly. Negotiations were held almost every week for over three months until we decided we could not come to a deal and called off the negotiations. Here's the critical point in my question. All the negotiations were held at the other firm at their request for their convenience. We are located across town in a large city so it worked out well for me since I live near their location. Now, after the negotiations did not work out, my management believes that the fact that all the negotiations were held at their location was a major reason why the agreement was not accomplished. This bothers me a lot and I would like your opinion. Was that a huge mistake?Neverland Company, a retailer, plans to sell 15,000 units of Product X during the month of August. If the company has 2,500 units on hand at the start of the month, and plans to have 2,000 units on hand at the end of the month, how many units of Product X must be purchased from the supplier during the month?In the retail coffee industry, with many mom-and-pop coffee stores and retail coffee shows, the number of competitors in the industry is high. In such a case, most coffee houses use beans and other ingredients to create different blends of coffee. Many suppliers provide the beans required by these firms. Moreover, there is not a significant difference in the quality of the product from different suppliers. In addition, with many suppliers offering similar commodity-type products, the switching costs for the focal firms would below. Referring to the second part of the above scenario, all of the mentioned factors combined will result in ____________. * high threat of new entrants to the industry high bargaining power of the suppliers low threat of new entrants to the industry low bargaining power of the suppliers
- It’s Friday night and your family car has just broken down. You promised your wife that you would take her to her high school reunion about 200 miles away this weekend. The company car assigned to you as a sales manager is parked in the company parking lot, so you’re considering using it for the high school reunion trip. No one at work will know that you used the company car for pleasure since you often pick the car up early on Monday mornings in case you have to accompany any of your salespeople to make sales calls?You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been sub-mitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow. Thailand Polishing has submitted a bid of2,000 baht. India Shine has submitted a bid of 2,000 rupees.Sacramento Glow has submitted a bid of $200. You check withyour local bank and find that +1 = 10 baht and +1 = 8 rupees.Which company should you choose?FOB retailer means: -the vendor pays the transportation charges to the retailers store or warehouse -the retailer pays the shipping charges - the vendor pays the shipping into the country -the retailer pays the shipping only until it enters into the counrty
- A document used to solicit bids from interested and qualified suppliers for goods and services that the organization needs to obtain is called a “rfp” request for approval, true or false?As a supply chain manager, would you rather have a supplier with a five days average lead time with a plus or minus three-day variance or supplier with a ten-day lead time that was plus or minus one day in its delivery?When a customer allows the supplier to manage inventory policy for an item or group of items.