Questions and Answers / Sure A+
A benefit an operation has that allows it to generate greater revenues or retain more customers than its
competition - Competitive Advantage
A description of the tasks that a person working in a specific position must perform - Job
Description
A document signed by a representative of the operation to transfer product ownership to the property -
Delivery Invoice
A document that lists specific knowledge and skills required to perform the job - Job Specification
A document used to inform vendors that their prices for products of the specified quality and quantity in
the RFP have been accepted and that the shipment should be delivered - Purchase Order (PO)
A document used to request prices from approved vendors for products of a specified quality and in a
specified quantity - Request for Proposal (RFP)
A food item in which some or all of the labor required to prepare the item is "built in" -
Convenience Food
A party in a franchising agreement that uses the logo, name, systems, and resources of a business for a
fee - Franchisee
A system in which all or most purchases are made by department heads or a designated employee in the
department - Decentralized Purchasing System
A system in which most or all purchases are made by a purchasing director for the entire organization -
Centralized Purchasing System