Key Functions: Purchasing and Public Relations (Grade 10 NSC Matric Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Purchasing function
Purchasing function
Buying quality raw materials & services for business operations
Requisition
Requisition
Official order requesting specific materials or services
Raw materials
Raw materials
Basic materials from which products are made
Cash vs credit payments
Cash vs credit payments
Cash: immediate effect. Credit: pay later, costs more interest
Stock control importance
Stock control importance
Determines stock value, ensures customer satisfaction, cost control
National Credit Act purpose
National Credit Act purpose
Guidelines for credit providers & consumers' rights/duties
Debt counselling
Debt counselling
Professional financial help for managing debt
Consumer Protection Act purpose
Consumer Protection Act purpose
Prevent consumer exploitation by businesses
Hazardous products
Hazardous products
Substances that could harm human health or environment
External vs internal PR
External vs internal PR
External: outside stakeholders. Internal: employees within org