A cloth manufacturing company requires raw materials such as cotton and jute for its range of products.To gain more knowledge about its needs, the company is guided by a set of documents that provides valuable information about the current trends in the industry.The document also gives various inputs on arriving at the solution for the problem at hand.This type of document is most likely to be in the nature of a:
A)mission statement.
B)débenture.
C)reverse auction.
D)bond.
E)white paper.

Question

Quizplus · Accepted Answer

A white paper is a detailed document that provides information on a specific industry or topic and offers solutions to problems or challenges. In this case, the cloth manufacturing company is using the white paper to gain knowledge about the industry and arrive at solutions for their raw material needs. A mission statement defines the company's purpose and goals, a debenture is a type of bond, and a reverse auction is a type of auction where the roles of the buyer and seller are reversed.

A Cloth Manufacturing Company Requires Raw Materials Such as Cotton