Ask Question
BusinessBusiness
12 February, 06:20

What is purchasing process?

+4
Answers (1)
  1. 12 February, 06:47
    0
    Purchasing is the formal process of buying goods and services. The purchasing process can vary from one organization to another, but there are some common key elements. The process usually starts with a demand or requirements - this could be for a physical part (inventory) or a service.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is purchasing process? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A partnership owned equally by 13 partners is worth 1.3 million. The partnership loses a lawsuit worth 3 million. what is the value of any personal property each partner must forfeit to pay the settlement?
Answers (1)
According to Douglas McGregor, the classical perspective on management is consistent with which of the following? a. Theory X manager b. Theory Y manager c. Theory Z manager d. Theory A manager e. None of these
Answers (1)
Memphis Metro just made a $75,000 purchase from a supplier, subject to the extension of suit-able trade credit terms. Using a discount rate of 7%, calculate the present value of this cash outflow assuming trade credit terms ofa. 30 daysb. 45 daysc.
Answers (1)
What happens to vehicles that don't sell for that year?
Answers (1)
Getting merchandise floor-ready entailsA. distributing and dispatching. B. ticketing and marking. C. vertical supply chain wholesaling. D. intensive cross-docking. E. selective checking.
Answers (1)
New Questions in Business
Palmer corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result in an annual increase in net income after tax of "$100,000".
Answers (1)
The Chinese concept of guanxi is an example of: a. In informal, cognitive institutions. b. a regulative, formal institution. c. a favorite cooking method of Chairman Mao. d. taken-for-granted approaches to friendship relations.
Answers (1)
3 Select the correct answer. In an organization, several teams access a critical document that is stored on the server. How would the teams know that they are accessing the latest copy of the document on the server? A. by using a duplicate copy OB.
Answers (1)
cNally Corporation makes a special ski. Next year, McNally expects to produce 20,000 pairs of skis. Seven pounds of fiberglass are required to make each pair of skis.
Answers (1)
Direct materials and direct labor of a company total $7300000. If manufacturing overhead is $3650000, what is direct labor cost? a. Cannot be determined from the information provided. b. $3650000 c. $0 d. $7300000
Answers (1)
Home » Business » What is purchasing process?
Sign Up Forgot Password?