BBR503 Buying

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	Bachelor of Business Administration – BBA (Retail Operations)
SEMESTER	V
SUBJECT CODE & NAME	BBR503 Buying
BK ID	B1804
CREDIT & MARKS	2 CREDITS &30 MARKS

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. List a few drawbacks of buying from foreign sources.

Answer:Foreign direct investment (FDI) is made into a business or a sector by an individual or a company from another country. It is different from portfolio investment, which is made more indirectly into another country’s economy by using financial instruments, such as bonds and stocks.

There are various levels and forms of foreign

Question.2. What are the various elements that come under negotiation terms of sale?

Answer:‘Negotiating’ is a term used a great deal nowadays, in newspapers, on television and on radio. It often seems to imply that only large companies or whole countries are involved, not individuals. However, we all frequently have to negotiate, even though we may not realise it.

In fact, all human interactions are characterised by some sort of negotiation between or among people trying to give to and take from one another.

Question.3. Distinguish between seconds and irregulars.

Answer:Income statement, also called profit and loss statement (P&L), is a company's financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into the net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.

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