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1. Name and explain three (3) types of research activities that a buyer must perform. 2. List three (3) advantages and three (3) disadvantages of

1. Name and explain three (3) types of research activities that a buyer must perform.

2. List three (3) advantages and three (3) disadvantages of using convenience foods.

3. List and explain at least seven (7) of the major purchasing function activities used in the hospitality industry.

4. List and explain the four (4) types of discounts obtained from a supplier in the hospitality industry.

5. In general, selection and procurement policies guide a buyer in terms of how to act and what to do in several situations. List and explain at least five (5) precise policy guides that are in the buyers' best interest and must be followed.

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