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Foodservice Management > Purchasing > Flashcards

Flashcards in Purchasing Deck (20):
1

Purchasing

function of acquiring desired products and services

2

Market

the medium through which a change of ownership occurs

3

Commodoities

raw agricultural products used to produce foods

4

Market Channels

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

5

Middlemen

conduits between manufacturers, distributors, and consumers

6

Brokers and manufacturer's representatives

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

7

Broker

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

8

Manufacturer's representative

serves as a sales representative for a single manufacturer

9

interstate commerce

financial transactions carried on between states

10

intrastate commerce

financial transactions carried on within state boundaries.

11

misbranded

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

12

standards of identity

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

13

standards of quality

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

14

standards of fill

regulate the quantity of food in a container

15

negotiation

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

16

ethics

the science of morals in human behavior

17

centralized purchasing

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

18

group and cooperative purchasing

an organization that represents member organizations and oversees their purchasing function

19

GPO stands for

group purchasing organization

20

quotation

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