Choose the right variant for the given definition


Choose correct definition of “ COST”



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LOGISTICS TESTS 1

Choose correct definition of “ COST”
money or property , especially when it is used to start a business or produce more wealth
to buy shares , property ,or goods because you hope that the value will increase and you can make a profit
the extra money that you must pay back when you borrow money
the money that you must regularly spend in order to run a business
True or false statement:
Our great ancestors left numerous creations for future generations.
True
False
True or false statement: The greatest personalities of our motherland Uzbekistan didn’t focus on wish, aim, goals, motivation and inspiration for creating something modern or extraordinary.
True
False
Choose the right antonym to the word “ OPPORTUNITY”
threat
chance
opening
fortune

2.Match the beginnings of the sentences (i-6) with the endings (a-f) to make definitions of more key terms.



1

Lead time is the time



2

Procurement is



3

A retailer is a business



4

Customer order cycle time is the time



5

A wholesaleris



6

JIT - just in time is a concept



a customers are prepared to wait for the delivery of their order.
b of reducing inventories by co-ordinating the delivery of materials just before they are needed,
c it takes to produce and supply a product.
d an intermediary between manufacturers and retailers which buys in large quantities and resells in smaller quantities.
e that buys products from wholesalers or manufacturers and resells them to the ultimate consumer.
f the purchasing of goods (materials, parts, supplies, equipment) required to run an enterprise.


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