Purchasing activities are used to obtain materials, merchandise, equipment, and services to meet production and marketing goals.

Question

Quizplus · Accepted Answer

Purchasing activities are an essential part of supply chain management and are used to acquire the necessary resources to support the production and marketing goals of a company. These activities may include sourcing suppliers, negotiating contracts, placing orders, and managing the delivery and payment processes.

Purchasing Activities Are Used to Obtain Materials, Merchandise, Equipment, and Services